Sandmartin International Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 31 December 2022. For the year, the company expects to record a consolidated net loss not less than HKD 79,000,000 as compared with the consolidated net loss of approximately HKD 26,000,000 for the corresponding period in 2021. The expected consolidated net loss for the Reporting Period is primarily attributable to the increases in material costs, global shortage of chips and integrated circuits as a result of the COVID-19 pandemic, and share of loss of an associate.