CA Cultural Technology Group Limited provided group earnings guidance for the financial year 2022. For the year, the group is anticipated to record a loss from approximately HKD 350 million to HKD 400 million as compared to the profit recorded for the financial year ended March 31, 2021 of approximately HKD 83.1 million, which was primarily attributable to the factors disclosed in the Announcement. Based on the latest assessment by the Board, the Board wishes to further supplement that the anticipated loss for the 2022 Financial Year is mainly due to: Significant decline in revenues of approximately HKD 113 million derived from theme park design and consultancy services for Shanghai, Qingdao and Japan theme parks due to partial lockdown and social restriction arising from COVID-19.

Absence of one-off gain on changes in fair value of financial asset mandatorily measured at FVTPL and gain on disposal of property, plant and equipment approximately HKD 55.9 million which was incurred in prior year. Impairment loss approximately HKD 295.3 million on certain other receivable and trade receivable which have been significantly past due.