Asia Standard Hotel Group Limited provided earnings guidance for the year ended 31 March 2024. For the year, the Group is expected to record a loss attributable to Shareholders of approximately HKD 2,100 million to HKD 2,400 million for the year ended 31 March 2024 based on management information currently available, as compared to a loss attributable to Shareholders of HKD 213 million for the year ended 31 March 2023. The primary factor contributing to the higher loss is the larger provision of expected credit losses on investments in debt securities.

This provision is a non-cash item and does not have a direct impact on the cash flow of the Group.