Asia Tele-Net and Technology Corporation Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 31 December 2022. The group expects to report a net loss of not more than HKD 50 million for the year ended 31 December 2022 (the Period Under Review) as compared to a net loss of approximately HKD 838.6 million for the year ended 31 December 2021 (the Previous Period). The key factors attributable to the significant decrease in net loss include, inter alia, a decrease in impairment losses under expected credit loss model; a reversal of tax provision; a decrease in other income; an increase in exchange losses and an increase in administrative expenses as compared to the Previous Period.