The board of directors of KINGBOARD LAMINATES HOLDINGS LIMITED provided earnings guidance for the six months ended 30 June 2022. For the six month the company expected to record a net profit of approximately HKD 1.7 billion to HKD 2 billion in the reporting period, a decrease in net profit of approximately 40% to 49% as compared with the corresponding period last year. The expected decrease in the net profits of the Group in the Reporting Period is primarily attributable to the decrease in both unit selling price and quantity of the laminate products manufactured and sold by the Group and is, to a lesser extent, attributable to allowance for credit loss of bonds investments held by the Group.