i-CABLE Communications Limited provided unaudited earnings guidance for the year ended 31 December 2022. For the period, the group is expected the loss increase by approximately 140% to 150%, as compared to the loss of the Group of approximately HKD 363.7 million for the year ended 31 December 2021. The expected increase in the loss of the Group for the year ended 31 December 2022 was mainly attributable to, among other things, (i) the non-cash write down of deferred tax assets and the recognition of non-cash impairment losses on certain non-current assets for the year ended 31 December 2022, which were primarily due to the termination of the domestic pay television programme service licence of Hong Kong Cable Television Limited, an indirect wholly-owned subsidiary of the Company, with effect from 1 June 2023; (ii) the decrease in revenue, in particular, from the media segment, which was mainly due to the keen competition in the market; and (iii) the recognition of fair value losses on financial assets at fair value through profit or loss for the year ended 31 December 2022, as compared to the net fair value gains on financial assets at fair value through profit or loss recognised for the year ended 31 December 2021.