The board of directors Arts Optical International Holdings Limited announced that, based on a preliminary assessment of the Company 's unaudited consolidated management accounts for the six months ended 30 June 2022, and assessment of the latest information currently available to the Board, the Group expects to record a significant increase in the net profit attributable to owners of the Company at a range from HKD 20 million to HKD 35 million for the six months ended 30 June 2022, as compared to the consolidated loss attributable to owners of the Company of HKD 5.6 million for the corresponding period in 2021. The major reasons for improvement in the net profit attributable to owners of the Company include: increase in total revenue of the Group in the first half of 2022 (unaudited) as compared to the corresponding period in 2021; improvement in gross profit margin mainly resulted from the continuous improvement in operation efficiency and supply chain synergy; and positive impact of economies of scale resulting from the Group's increase in revenue and production volume in the first half of 2022.