Precious Dragon Technology Holdings Limited provided consolidated earnings guidance for the six months ending June 30, 2022. For the period, the company expected to record a significant increase in net profit attributable to the Shareholders by not less than 70% as compared to the net profit attributable to the Shareholders of approximately HKD 7.1 million for the six months ended 30 June 2021. Based on the information available to the Board, the Board considers that such expected increase in net profit was mainly attributable to, among other things, (i) the Group's continuous efforts in enhancing operational management, executing marketing strategies and improving control over production costs in order to reduce the negative impact of the prolonged COVID-19 pandemic on the Group's operations; and (ii) the implementation of strict cost control measures to reduce the overall selling and administrative expenses.