Shunten International (Holdings) Limited provided earnings guidance for the six months ending September 30, 2022. For the period, the company expects to record a turnaround of its results from loss to profit making for the Relevant Period by recording a consolidated profit attributable to owners of the Company within a range of approximately HKD 16.0 million to HKD 20.0 million, as compared to a consolidated loss attributable to owners of the Company of approximately HKD 57.9 million for the six months ended 30 September 2021. The abovementioned consolidated profit expected to be recorded for the Relevant Period was primarily attributable to the following reasons: although the Group's business has been severely hit by the fifth wave of the COVID-19 pandemic in Hong Kong during the fourth quarter of 2021/22, the Group's performance has recovered and improved significantly for the Relevant Period; and during the six months ended 30 September 2021, there was a loss on fair value change of the Company's shares issued in relation to acquisition of an associate of approximately HKD 55.4 million.

No such loss has incurred for the Relevant Period.