Solomon Systech (International) Limited provides earnings guidance for the year ended 31 December 2021. For the year, the company expects the increase in sales revenue with a year-on-year increase of over 30% which was mainly due to the increase in average selling price of the Group's products attributable to the continuing strong product demand; and (ii) the improvement in the Company's average gross profit margin because of a better product mix of higher margin products. The Company is still in the process of finalizing the Group's annual results for the year
ended 31 December 2021. The information contained in this announcement is only based on the Board's preliminary assessment on the Group's latest unaudited consolidated management accounts for the year ended 31 December 2021, which have not yet been reviewed or audited by the independent external auditors of the Company, nor reviewed by the audit committee of the Board. The unaudited consolidated annual results of the Group for the year ended 31 December 2021 may be subject to further adjustment(s) and may be different from the information contained in this announcement. Further details of the Group's financial information will be published in the Company's announcement of annual results for the year ended 31 December 2021, which is expected to be published before the end of March 2022.