Sky Light Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the year, the company expects to record a decrease in revenue by approximately 23% for FY2023 as compared to the revenue for the year ended 31 December 2022 ("FY2022"); and (ii) expects to record a net loss of not more than HKD 130 million for FY2023, as opposed to a net loss of approximately HKD 31 million in the corresponding period in 2022. The Board is of the view that the above decrease in revenue and net loss for FY2023 was mainly due to, among other things: 1. The global demand for consumer electronics products remained weak in 2023.

Amid rising inflation, people's daily expenses significantly increased and they reduced their purchases of consumer electronics products. 2. Some customers are still destocking inventory, which significantly impacts the new orders of the Group. 3.Although the anti-epidemic measures were lifted in early 2023, it became easier to communicate with overseas customers and more new projects were awarded, due to the poor global environment, most projects originally planned to start mass production in the fourth quarter of 2023 were postponed until the second quarter of 2024.

These projects were not able to contribute to the Group's performance in 2023. 4. Impairment loss was made on property, plant and equipment, intangible assets and right-of-use assets. 5. Retailing business through AI vending machines for selling food and beverage was still in the early stage of development.

The Group has to incur expenses for promotion and operation in 2023.