CA Cultural Technology Group Limited Revises Earnings Guidance for the Fiscal Year 2022
such loss in the amount of approximately HKD 384 million in the Announcement dated 30 June 2022:the increase in amortization of intangible assets in the amount of approximately HKD 55.8 million to be recorded in the 2022 Financial Year, the increase in share of losses in a joint venture and associates in the amount of approximately HKD 39.0 million to be recorded in the 2022 Financial Year; the impairment losses with respect to investments in a joint venture and associates in the amount of approximately HKD 93.1 million to be recorded in the 2022 Financial Year; the impairment losses made on property, plant and equipment in the amount of approximately HKD 70.2 million to be recorded in the 2022 Financial Year; the impairment losses made on right-of-use assets in the amount of approximately HKD 20.7 million to be recorded in the 2022 Financial Year; the impairment losses made on intangible assets in the amount of approximately HKD 93.7 million to be recorded in the 2022 Financial Year; and the increase in the impairment losses under expected credit loss model in the amount of approximately HKD82.3 million to be recorded in the 2022 Financial Year.