King's Flair International (Holdings) Limited provided preliminary unaudited consolidated group earnings guidance for the six months ended June 30, 2022. For the period, the group expects to record a decrease in revenue by approximately 25% to 30% as compared to the corresponding period in the previous year, mainly as a result of the stringent and extensive lockdown in various cities and districts in the People's Republic of China (the PRC) as a result of the outbreak of the new COVID-19 variant in the PRC during the Reporting Period; and the conservatism among brand owners in the United States in placing orders due to uncertain consumer sentiments caused by the worsened global economic condition and the continued disruption in supply chain due to the new COVID-19 variant; and decrease in gross profit for the Reporting Period by approximately 35% to 40% as compared to the corresponding period in the previous year, mainly as a result of the continuously high raw materials costs as commodity prices remained strong during the Reporting Period. In view of the above and the fact that the administrative expenses for the Reporting Period remained steady as compared to the previous corresponding period, the Group expects to record a significant decrease in profit attributable to shareholders for the Reporting Period by approximately 70% to 75% as compared to the previous corresponding period.