PC Partner Group Limited provided earning guidance for the year ended 31 December 2022. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on the preliminary assessment of the latest unaudited consolidated management accounts of the Group for the year ended 31 December 2022 and the information currently available to the Board, it is expected that the profit attributable to Shareholders for the year ended 31 December 2022 amounts to approximately HK$700 million, representing a significant decline of approximately 70.5% from the profit attributable to Shareholders of HKD 2,374.3 million for the year ended 31 December 2021. The decline was mainly due to: (i) the reduction in revenue from the sales of the Group's own brand graphics cards as a result of price promotion strategy adopted by the Group to boost the sales of the
current models of its own brand video graphics cards and sales discounting programmes launched by the Group for the clearance of old inventories of its own brand video graphics cards in the second half of the year ended 31 December 2022; and (ii) the reduction in sales volume of the Group's own brand graphics cards as the market demand for such products has dropped.