The board of PINE Technology Holdings Limited provided the earnings guidance for the year ended 30 June 2018. For the period, the company expected to record a net loss of not less than approximately USD 9.0 million. The anticipated increase in the net loss of the Group was mainly attributable to a combination of the following major factors: a decrease in gross profit by approximately USD1.5 million resulted from the Group's continuous aggression in pursuing market share, rising component cost in light of the tight supply on some key components and increase in inventories write down; an increase in selling and distribution expenses of approximately USD 0.4 million resulted from an increase in turnover as compared to the turnover for the Fiscal Year 2017; increase in directors' and chief executives' remuneration and share base payment expenses of approximately USD0.6 million; increase in other staff cost of approximately USD 0.5 million; and increase in legal and professional fee and placing commission in an aggregate amount of approximately USD0.6 million incurred for the placing of new shares and the acquisition of new business.