Simplicity Holding Limited provided earnings guidance for the six months ended September 30, 2022. Based on the preliminary review of the unaudited financial results of the Group for the six months period ended 30 September 2022, the Group is expected to record a loss of approximately HKD 17.2 million, compared with a profit of approximately HKD 9.4 million recorded for the six months period ended 30 September 2021. Based on the information available, the Expected Loss was mainly attributable to: Affected by the recurrent COVID-19 pandemic in Hong Kong, the Group's revenue from business of restaurants has decreased.

Expense of share options were recognised in the Interim Results.