The board of directors of the Chia Tai Enterprises International Limited announced that, based on preliminary information, the Group is expected to record an unaudited consolidated loss attributable to Shareholders of approximately USD 5 million for the six months ended 30 June 2022 as compared to an unaudited consolidated profit attributable to Shareholders of USD 6.7 million for the six months ended 30 June 2021. Such change from profit to loss was mainly due to underperformance of the Group's industrial business. Share of profit of a joint venture, ECI Metro Investment Co Ltd, is expected to deteriorate from a profit of USD 5.5 million in First Half 2021 to a loss of approximately USD 5 million in First Half 2022.