Bortex Global Limited provided unaudited consolidated management accounts guidance for the six months ended October 31, 2022. For the period, the company expected that the net profit for the Period will decrease by approximately 70% as compared to that for the period ended 31 October 2021 of approximately HKD 13.6 million. The expected decrease in the net profit for the Period of the Company is mainly attributable to the significant decrease in the revenue by approximately 50% for the Period as compared to the revenue for the six months ended 31 October 2021.

The significant decrease in revenue for Period was primarily due to a new wave of COVID-19 pandemic outbreak in the Mainland China and Hong Kong since the first quarter of 2022. Various strict measures and travel restrictions have been implemented against the epidemic, resulting in a citywide lockdown in western and northern part of China. The customers reduce their revenue forecast of the second half year 2022.