The board of directors of Ocean Star Technology Group Limited informed the shareholders of the Company and potential investors that, based on the information currently available to the Board, including the unaudited consolidated management accounts of the Group for the nine months ended 31 December 2022, the Group is expected to record a loss attributable to owners of the Company of approximately HKD 18.0 million for the nine months ended 31 December 2022 as compared to a loss attributable to owners of the Company of approximately HKD 0.9 million for the nine months ended 31 December 2021. The Board considers that the increase in the estimated amount of loss attributable to owners of the Company was mainly attributable to the following factors: the decrease in sales volume due to persistent weak consumer sentiment for retail sales; the significant increase in depreciation of right-of-use assets and staff cost; and the unrealized loss on financial assets.