Million Stars Holdings Limited provided earning guidance for the six period ended 31 December 2022. The board of directors of the Company informed the shareholders of the Company and potential investors that based on
the preliminary review of the unaudited financial results of the Group for the six months period ended 31 December 2022, the Group is expected to record a loss of approximately HKD 14.2 million (the ``Expected Loss''), decreased by approximately 47.2% compared with the expected loss of approximately HKD 26.9 million for the six months period ended 31 December 2021. Based on the information available, the Expected Loss was mainly attributable to: The recurrent COVID-19 pandemic in mainland China and changes in digital asset policies resulted in a significant decrease in the Group's revenue from overseas internet advertising business, and no revenue was recorded from the digital assets business. The Group's online and offline advertising channels in mainland China and the project of multi-functional advertising equipment are still under construction and in the stage of investment and have
not generated substantial income. This is expected to bring sustainable and stable income from the third quarter.