On March 25, Global Investment announced that TRANSTECH (09963.HK) reported a loss of approximately 64.2 million Hong Kong dollars compared to the same period last year. The group expects to incur a loss of about 92 million to 98 million Hong Kong dollars for the fiscal year ending December 31, 2024.

Based on currently available information, the expected reduction in the group's net loss for 2024 is primarily due to the net impact of the following factors: (i) a weak economic situation leading to a decrease in sales revenue; (ii) fluctuations in the Exchange Rates between the Renminbi, Thai Baht, US Dollar, and Hong Kong Dollar, resulting in less foreign exchange loss; (iii) increase in impairment losses on prepayments for raw material purchases; and (iv) increased impairment losses on deferred tax assets.