The board of directors of Man King Holdings Limited informed shareholders of the Company and potential investors that based on the preliminary review of the latest available unaudited consolidated management accounts of the Group for the year ended 31 March 2024, the Group is expected to record a net loss ranging from approximately HKD 15 million to HKD 23 million for the year ended 31 March 2024 as compared to a net profit of approximately HKD 42.1 million for the year ended 31 March 2023. Such expected change from profit to loss for the year ended 31 March 2024 was mainly attributable to the decrease in revenue generated from several construction projects as a result of lesser amount of works being certified by the customers and lower gross profit margin of several construction projects during the year.