Tan Chong International Limited provided group earnings guidance for the six months ended June 30, 2022. Based on the preliminary review of and assessment on information currently available to the Company, the Group is expected to record an unaudited unrealised loss on its investments designated as at fair value through other comprehensive income for the six months ended 30 June 2022 (the "Period"). The loss is due to share price changes of its listed investments, which are marked to market and therefore unrealised.

The expected unrealised loss amounts to HKD 7.7 million as compared to the unrealised loss of HKD 1.4 million for the corresponding six months period in 2021. The unrealised loss will be reported in the Group's other comprehensive income statement for the Period. It is not expected to be reclassified to the Group's consolidated statement of profit or loss.

The Group businesses in the Asia Pacific remain at about the same level as the first half of year 2021. Some countries in the region continue to be affected by the intermittent movement restrictions and poor consumer sentiments due to COVID-19 pandemic. One major negative factor for the Group is the limited supply of products due to supply chain disruptions that affected supply of products to the region of Asia Pacific where the Group operates.

The second half of 2022 should see increase in supply of products to meet the Group's sales requirement as supply chain issues of its principals improved. Despite all these, the Group expects to record an estimated after-tax profit of HKD 170 million for the Period as compared to an after-tax profit of HKD 78.6 million for the corresponding period ended 30 June 2021.