AV Concept Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the six months ended 30 September 2022. For the period, the group expects to record a decrease in consolidated profit attributable to owners of the Company by around 65% to 75% for the Period, as compared to that of approximately HKD 126.6 million for the six months ended 30 September 2021. It is expected the aforesaid decline in consolidated profit attributable to owners of the Company was mainly attributable to, among others, due to the market fluctuation for semiconductor industry, a gross loss was incurred for the Period, as compared to a gross profit for the six months ended 30 September 2021; an increase in fair value losses on financial assets at fair value through profit or loss as compared to that for the six months ended 30 September 2021; and a decrease in share of profits and losses of joint ventures and associates as compared to that for the six months ended 30 September 2021 primarily resulting from poor performance of the joint venture during the Period.