PPS International Limited Provides Earning Guidance for the Six Months Ending December 31, 2021
as compared to the net profit of approximately HKD 16.6 million attributable to the owners of
the Company for the six months ended 31 December 2020. The decline in the consolidated
financial performance of the 2022 Interim Results is primarily due to the net effect of the
following factors: receipt of one-off subsidies of approximately HKD 24.5 million from the Employment
Support Scheme under the Antiepidemic Fund granted by the government of the Hong
Kong Special Administrative Region during the six months ended 31 December 2020; decrease in the impairment allowance for the loan and interest receivables by
approximately HKD 9.0 million under the Group's money lending business for the six
months ended 31 December 2021; and recognition of revaluation gain of approximately HKD 4.4 million (2021: revaluation loss
of approximately HKD 0.1 million) on the Group's self-owned properties in Hong Kong
for the six months ended 31 December 2021.