The board of Kinetix Systems Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2022. For the year, the Group is expected to record a net loss of not less than or approximately HKD 63.0 million as compared to the net loss of approximately HKD 21.4 million for the year ended 31 December 2021. Based on the information currently available to the Board, the increase in net loss was mainly attributed to the increase in impairment loss of intangible asset by approximately HKD 41.9 million when compared to Previous Year.