Synertone Communication Corporation provided group earnings guidance for the year ended March 31, 2019. For the year, the company expected to record a significant profit for the current year as compared to a loss for the year ended 31 March 2018 and return to net assets position of not less than HKD 100 million as at 31 March 2019. The board considers that the expected significant profit was mainly attributable to an one-off gain on derecognition of finance lease payables of approximately HKD 372.4 million (which is non-cash in nature) as a result of the early termination of the finance lease arrangement in connection with the exclusive right to use Synertone 1 satellite bandwidth. the absence of an impairment loss recognized in respect of intangible assets relating to the exclusive right to use Synertone 1 satellite bandwidth of approximately HKD 215.2 million, which was recorded in the Prior Year; the absence of an impairment loss recognized in respect of intangible assets relating to the safe communication technologies cash generating unit of approximately HKD 47.4 million, which was recorded in the Prior Year; and a significant decrease in impairment loss of goodwill in respect of the industrial control system cash generating unit for the Current Year as compared with that for the Prior Year.