Sinohope Technology (HKG:1611) expects a net loss of up to HK$10 million for the year ended Sept. 30, compared with a net profit of HK$56.3 million a year prior, a Tuesday Hong Kong bourse filing said.

The technology service provider attributed the forecast to the absence of one-off reversals of the provision of impairment of the FTX Deposit and the other receivables, as well as fluctuations in fair value changes on cryptocurrencies.