Transtech Optelecom Science Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the year, the Group is expected to record a loss of approximately between HKD 63 million and HKD 65 million for the year ended 31 December 2023, as compared with a loss of approximately HKD 70.8 million in the same period last year. Based on the information currently available, such expected decrease of net loss for the Group during the Current Year was mainly attributable to the net effect of the following factors: (i) less sales revenue made as a result of the weak economic situation due to the slow recovery from COVID-19 pandemic; (ii) more foreign exchange loss resulting from the fluctuation of exchange rates among Renminbi, Thai Baht, United States Dollar and Hong Kong Dollar; (iii) increase of impairment loss on deposits for purchase of raw materials, long-term prepayments and property, plant and equipment; and (iv) reversal of impairment loss on trade receivables and other receivables.