Tongda Hong Tai Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2023. For the period, it is expected that the Company's revenue for the Current Period would be approximately HKD 46,836,000, as compared to the revenue of approximately HKD 81,967,000 for the corresponding period in 2022; and the net loss for the Current Period is expected to be approximately HKD 48,513,000 as compared to the net loss of approximately HKD 29,822,000 for the corresponding period in 2022. The expected decrease in the Group's revenue and expected increase in the Group's net loss was mainly due to (i) the operation restructuring of the Group commenced last year continued during the Current Period and the Group had carried on with its reassessment of its projects to improve the operating cashflow which resulted in less sales orders received; and (ii) the external unfavorable challenges including the global inflation surge, the increase in staff costs, the continual fluctuation of material prices due to the instability of supply chain, the shortage in the supply of semiconductors, and the continuing increase in competition in the market had all negatively impacted the Group's sales orders and production yield.