Arts Optical International Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the year ended December 31, 2021. For the year, the group expects to record a net profit attributable to owners of the company at a range of HKD 5 million to HKD 25 million as compared to the consolidated loss attributable to owners of the company of HKD 511.8 million for the year ended December 31, 2020. The major reasons for improvement in the net profit attributable to owners include: significant increase in the revenue for the year ended December 31, 2021 (unaudited) from a low base in the year ended December 31, 2020 which was heavily impacted by the COVID-19 pandemic; a non-operational impairment loss of HKD 341.1 million for property, plant and equipment was recorded for the year ended December 31, 2020 and such impairment loss is not likely to be incurred for the year ended December 31, 2021; significant reduction in depreciation charges for the year ended December 31, 2021 (unaudited) after impairment of property, plant and equipment in 2020; and improvement in operation efficiency and supply chain synergy.