V.S. International Group Limited provided earning guidance for the year ended 31 July 2022. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on the information currently available to the Board, the Group is expected to record about RMB46 million in its loss attributable to owners of the Company for the year ended 31 July 2022, as compared to the loss attributable to owners of the Company of approximately RMB 5.6 million for the year ended 31 July 2021. The increase in loss attributable to owners of the Company for the year ended 31 July 2022 was mainly attributable to the following reasons: decrease in revenue by about 50%, which was mainly due to a significant drop in the amount of orders placed by three existing customers of the Group, and an overall decrease in the amount of orders placed by other customers caused by the current cautious business and economic environment; impairment on property, plant and equipment of about RMB 11 million; loss on disposal of property, plant and equipment of over RMB10 million, which mainly included the costs of disposal of idle and obsolete machineries, as compared to a gain for the year ended 31 July 2021; and decrease in the Group's share of net profit of an associate in Vietnam by about 60%.