Tree Holdings Limited provided earnings guidance for the six months ended 30 September 2022. The Group expects that the net profit attributable to owners will be lowered by approximately 88.9%, i.e. from approximately HKD 4.5 million for six months ended 30 September 2021, reducing to approximately HKD 0.5 million for the six months ended 30 September 2022. The Board considers that the decline was mainly attributable to the decrease in revenue due to the COVID-19 pandemic which heavily impacted the retail performance in Hong Kong and also the furniture agency services in Mainland China.