Trio Industrial Electronics Group Limited provided consolidated earnings guidance for the six months ended 30 June 2024. for the six months, the Group is expected to record a loss attributable to equity holders of the Company ranging from approximately HKD 25 million to approximately HKD 35 million for the six months ended 30 June 2024, as compared to a profit attributable to equity holders of the Company of approximately HKD 21.7 million for the six months ended 30 June 2023. Based on the information currently available to the Board, the Expected Loss was mainly due to the following reasons: (i) the continuous sluggish demand in major products of the Group in the European and North American market resulted from slowdown in overall economic growth in Europe and North America; and (ii) the increase in administrative expenses resulting from (a) a one-off compensation paid for the termination of office of a former Director; and (b) the increased staff costs for the development of new business projects in the new energy-related market.