Moody Technology Holdings Limited provided financial guidance for the year ended 31 December 2022. The Group is expected to record a loss of not less than RMB 135 million for the year ended 31 December 2022 as compared to the loss of approximately RMB 100.5 million recorded for the year ended 31 December 2021. The Board considers that such loss was mainly attributable to (i) the decrease in overseas demand from the customers of the Group for its shoes and clothing products as a result of the continuous pandemics of the 2019 coronavirus disease, which resulted in the decrease in sales volume of the products of the Group and (ii) net exchange loss arise from the depreciation of renminbi against Hong Kong dollar in 2022, as compare to net exchange gain arise in 2021.