The Board of Directors of Cheung Woh Technologies Ltd. provided unaudited profit guidance in respect of the fourth quarter financial results for the period ended 28 February 2018. The Group expects to report a loss for the quarter due to the following reasons: Lower turnover in Baseplates in February 2018 due to long shut down period in China for Chinese New Year; Headcount depletion before and after Chinese New Year led to hiring of temporary subcontract workers with higher wages; There was a one-time amortisation expense arising as a result of change in useful life of toolings and fixtures used in the manufacturing of Baseplates; There was an allowance for impairment on equipment that are no longer required in the manufacturing of Baseplates; There was a write-off of tools and equipment and renovation damaged by Typhoon Hato; There was staff cost incurred due to internal restructuring; and costs incurred to repair machinery and equipment damaged by the typhoon.