CircuTech International Holdings Limited provided earnings guidance for the first quarter ended September 30, 2016. The board of directors of the company informed the shareholders of the company and potential investors that, based on the preliminary review by the Board of the unaudited consolidated management accounts of the Group for the three months ended September 30, 2016, the Group expects to record a consolidated net loss of not more than HKD 3,100,000 for the three months ended September 30, 2016. The Board considers that the aforesaid increase in the net loss of the Group for the three months ended 30 September 2016 as compared to the corresponding period ended 30 September 2015 is mainly attributable to, among others, the following factors: (i) decrease in revenue of the video and surveillance product line due to increased competition; and (ii) increase in general operational, administrative expenses and professional fees following the close of the unconditional mandatory general offer in June 2016 in order to pursue new, strategic customers to grow the Group's turnover and enhance Shareholders' returns.