Pak Tak International Limited provided earning guidance for the year ended 31 December 2022. The board of directors of the Company informed the shareholders of the Company (the "Shareholders") and the potential investors that, based on a preliminary assessment of the latest financial information of the Group and other information currently available, it is expected that the Group will record a loss attributable to equity shareholders of the Company in the range of HKD 14.0 million to HKD 19.0 million for the year ended 31 December 2022 as compared to the loss of HKD 5.6 million for the year ended 31 December 2021. Based on the analysis of the information currently available to management, such expected losses were mainly due to (i) the revenue contribution from the Group's supply chain business has significantly decreased for the year ended 31 December 2022; (ii) the increase in expected credit losses on trade receivable in the supply chain business under the impact of the downward trend of the real estate market in the PRC; and (iii) the newly acquired business in hotel management and catering services has incurred further losses as a result of the resurgence of the pandemic in the PRC in the fourth quarter of 2022.