Transmit Entertainment Limited provided consolidated earnings guidance for the year ended June 30, 2022. Based on the preliminary review by the Board of the unaudited consolidated management accounts of the Group for the year ended 30 June 2022 (the "Reporting Period"), the Company expects to record a net loss attributable to the owners of the Company in the range of approximately HKD 90 million to HKD 100 million as compared to the net loss attributable to the owners of the Company of approximately HKD 7.6 million for the year ended 30 June 2021. It was mainly attributable to (i) delay in the production of various TV series and variety shows of the Group and the working arrangement of its artistes due to the impact of the coronavirus disease 2019 ("COVID-19") pandemic and the restrictions imposed by the related quarantine and travel measures, which, having also taken into account the current market landscape and future uncertainties, led to the Company's provision of approximately HKD 68 million for the impairment on goodwill during the Reporting Period; and (ii) a decrease in the revenue and profit from the Group's artiste management business for the Reporting Period as compared to the same period last year, and a decrease of approximately HKD 17 million in the fair value of purchased call option, as a result of the impact of the COVID-19 pandemic.