Solartech International Holdings Limited provided consolidated earnings guidance for the year ended 30 June 2023. The Group for the year ended 30 June 2023, it is expected to record the loss attributable to the owners of the Company for the year ended 30 June 2023 within the range of HKD 175 million to HKD 180 million as compared to the loss attributable to the owners of the Company of approximately HKD 102,218,000 for the year ended 30 June 2022. Based on the relevant information currently available to the Company, the Board considers that despite the deferred tax credit for the Relevant Period (as compared to the deferred tax expenses recorded for the Corresponding Period), the expected increase in the loss attributable to the owners of the Company was mainly due to (1) the decrease in gross profit as a result of the decreases in the turnover and gross profit margin; (2) the increase in the impairment loss on mining right recognised for the Relevant Period as compared to the impairment loss for the Corresponding Period; and (3) the reversal of deferred tax assets recognised for the Relevant Period as compared to the deferred tax assets recognised for the Corresponding Period.