M&L Holdings Group Limited provided earnings guidance for the nine months ended September 30, 2022. For the nine months, the company expects to record a loss of approximately HKD 16.0 million for the nine months ended 30 September 2022 (the "Period") as compared to the loss of HKD 8.7 million for the corresponding period in 2021. The Board considers that the expected increase in loss for the Period was mainly attributable to an exchange loss of HKD 7.5 million for the Period, as compared to an exchange loss of HKD 0.4 million for the corresponding period in 2021. The substantial rise in exchange loss for the Period is the result of depreciation of Renminbi and
Australian Dollars against Hong Kong Dollars during the Period, particularly between June and September 2022.