The board of directors of Elegance Optical International Holdings Limited announced that based on the preliminary review on the latest available financial information of the Group, the Group expects to record an increase in loss attributed to the owners of the Company of not less than HKD 163 million for the year ended 31 March 2022 (the "Year"), when compared to the loss attributable to the owners of approximately HKD 15.3 million for the year ended 31 March 2021. Such increase in net loss was mainly attributable to the one-off and non-cash share-based payment expenses amounting to approximately HKD 53.3 million as a result of the share options granted by the Company for the Year; impairment loss of approximately HKD 46.1 million in investment in associate; and change in fair value of film rights investment of approximately HKD 42.7 million.