Hi-Level Technology Holdings Limited provides earnings guidance for the year ended 31 December 2021. The Company is expected to record a loss attributable to owners of the Company of approximately HKD 45,000,000 to HKD 50,000,000 for the year ended 31 December 2021 as compared to the profit attributable to owners of the Company for the year ended 31 December 2020. Such loss is mainly attributable to the following reasons:- as a result of China's control measures on private tutoring and online gaming since the third quarter of 2021, certain customers delayed their panel procurements, in order to reduce the Company's inventory level, the Company recorded loss making shipments in the fourth quarter of 2021; and impairment losses of the Company's closing inventory as of 31 December 2021.

Despite that the Company is expected to record a loss, the Board believes that the current financial position and cash flow of the Company are healthy.