Elegance Optical International Holdings Limited provided earnings guidance for the year ended 31 March 2023. For the year, the Group expects to record a loss of approximately HKD 50 million for the year ended 31 March 2023 (the "Year"), representing a decrease of approximately HKD 132 million when compared with the loss of the Company of approximately HKD 182 million for the year ended 31 March 2022 (the "Previous Year"). Such decrease in loss was mainly attributable to (i) the absence of the one-off share-based payment expenses amounting to approximately HKD 53 million as a result of the share options granted by the Company for the Previous Year; (ii) the impairment loss of approximately HKD 10 million in investment in associate (Previous Year: approximately HKD 46 million); and (iii) the absence of loss on change in fair value of film right investment (approximately HKD 43 million for the Previous Year).