Transmit Entertainment Limited is expected to record a net loss attributable to the owners of the Company in the range of approximately HKD 180 million to HKD 190 million as compared to the net loss attributable to the owners of the Company of approximately HKD 92.2 million for the year ended 30 June 2022. It was mainly attributable to (i) the absence of the broadcast of major TV series or variety shows by the Group during the Reporting Period, as the inspiring urban workplace TV series "The Ideal City" and the megahit detective reality show "The Detectives' Adventures" had been broadcast in the corresponding reporting period last year, resulting in a decrease in the revenue from the production and distribution of movies, TV series and variety shows during the Reporting Period; and (ii) delay in the production of various TV series and movies of the Group and the working arrangement of its artistes due to the impact of the COVID-19 pandemic and the related restrictive measures, which, having also taken into account the current market environment, intensified post-pandemic competition and future uncertainties, leading to the Company's provision of approximately HK$118 million for the impairment on goodwill during the Reporting Period.