The board of directors of the Coolpoint Innonism Holding Limited announced that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2022 and assessment of the information currently available, the Group is expected to incur a net loss and total comprehensive expense between HKD 6.0 million and HKD 7.0 million attributable to the owners of the Company for the six months ended 30 September 2022. As compared with a net loss and total comprehensive expense of approximately HKD 3.2 million for the six months ended 30 September 2021, the deterioration of the Group's performance was mainly attributable to an increase in the provision for impairment loss of contract assets for the period.