Sang Hing Holdings (International) Limited provided preliminary unaudited consolidated group earnings guidance for the year ended March 31, 2022. For the year, the group expects to record a decrease in net profit by approximately 50% as compared to the net profit of approximately HKD 26.4 million recorded by the Group for the year ended March 31, 2021. The substantial decrease in net profit is mainly attributable to the combined effects of the decrease in gross profit margin due to the increase in raw material costs and subcontracting costs; the decrease in wage subsidies provided by the Hong Kong Special Administrative Region Government pursuant to the Employment Support Scheme under the Anti-epidemic Fund; and the decrease in a net gain on disposal of financial assets at fair value through profit or loss.