$LAI GROUP (08455.HK)$ Notice, based on the information currently available to lai group's management, it is expected that the total contract amount of projects awarded to the group in July and August 2024 is estimated to decrease by about 40% compared to July and August 2023. The board of directors believes that this decrease is mainly due to the overall deterioration of the economic environment and intense market competition leading to a reduction in the number of renovation projects awarded. Due to the group's expectation of a poor business environment persisting in the near future, the board of directors will maintain a cautious attitude when expanding business and will make efforts to control its operating costs.