Smart Globe Holdings Limited provided consolidated earnings guidance that the Group is expected to record a loss attributable to equity holders of the Company in the range of approximately HKD 2.0 million to HKD 3.0 million for the six months ended 30 June 2022 as compared to an unaudited profit attributable to equity holders of the Company of approximately HKD 2.3 million for the six months ended 30 June 2021. The reason for the expected loss for the six months ended 30 June 2022 is mainly attributable to the combined effect of an increase in wages of factory workers during the six months ended 30 June 2022; an increase in paper cost throughout the six months ended 30 June 2022; lower price was offered to customers due to keen market competition; and an increase in administrative expenses.