Sitoy Group Holdings Limited provided consolidated earnings guidance for the six months ended December 31, 2022. For the period, The group is expecting to record a profit attributable to the owners of the company for the six months ended 31 December 2022 of not less than HKD 100,000,000, representing a growth of not less than 1,500%, as compared to a profit attributable to owners of the Company of approximately HKD 6,655,000 for the corresponding period in 2021. The expected increase in net profit is mainly due to 1) an increase in the Group's manufacturing revenue due to a rebound in customers' demand as the COVID-19 pandemic eases in major markets; 2) a net gain on foreign exchange mainly driven by the depreciation of Renminbi against United States Dollar; and 3) the completion of the disposal of a loss-making business.