Grand Talents Group Holdings Limited provides earnings guidance for the three months ended 30 June 2022. The Group is expected to record (i) a decrease in gross profit from approximately HKD 0.1 million for the three months ended 30 June 2021 to gross loss of approximately HKD 2.8 million for the three months ended 30 June 2022; and (ii) an increase in its loss attributable to the owners of the Company for the three months ended 30 June 2022 by at least 160% as compared to the three months ended 30 June 2021. Such deterioration was mainly attributable to the combined effects of (i) an increase in the material cost for the new project; (ii) the negative impact arising from the outbreak of novel coronavirus disease ("COVID-19") which affected the progress of several on-going construction projects and the number of tenders available in the industry; and (iii) the overall economic recession in Hong Kong.