Top Form International Limited provided unaudited consolidated earnings guidance for the year ended 30 June 2023. For the period, Group expected to record a net loss of not more than HKD 79 million for the Year, as compared to the profit after tax of HKD 11.5 million for the year ended 30 June 2022. The Board considered that the estimated loss of the Group for the Year was mainly attributable to (i) a significant decrease in revenue by approximately 32% year-over-year; (ii) an one-off provision of approximately HK$11.8 million relating to restructuring expenses associated with suspension of operations of a factory in Southeast Asia; and (iii) an one-off cost of approximately HK$4.0 million relating to retirement benefit obligations provision in Southeast Asia.