Productive Technologies Company Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2024. For the year, the Group is expected to record a net loss attributable to the equity shareholders of the Company of approximately HKD 347.5 million (FY2022: HKD 222.5 million). The net loss attributable to the equity shareholders of the Company was primarily attributable to the research and development and administrative expenses of approximately HKD 339.9 million in relation to the rapid development and expansion of the Company's business in semiconductor and solar industry, including share-based compensation to employees and depreciation & amortisation expenses caused by the acquisition of solar companies completed in FY2022, both of which are non-cash in nature.

In addition, from the beginning of FY2023 to the date of this announcement, the Company has shipped 95 sets of equipment to clients' sites. Currently, a total of 8 sets of semiconductor equipment with contract value of approximately RMB 134.5 million excluding value added tax are in the process of final acceptance. The increase of such loss of approximately HKD 125.0 million as compared to that for FY2022 was mainly attributable to the increase in the net loss caused by the increase of R&D and administrative expenses stated above of approximately HKD 123.0 million.