Based on the information currently available to the board of directors of Palinda Group Holdings Limited and upon the preliminary review of the latest unaudited consolidated management accounts of the Group for the six months ended 30 June 2023, the Board informed the shareholders of the Company and potential investors that the Group expected to record a profit attributable to owners of the company of not less than HKD 30 million for the Period, as compared with the loss of approximately HKD 1.39 million recorded for the six months ended 30 June 2022. Such significant increase is mainly attributable to: increase in sales in the development of wines business.