Sheung Moon Holdings Limited provided group earnings guidance for the year ended March 31, 2022. For the year, the company's group expected to record a net loss as compared to the profit position for the year ended March 31, 2021 (the "Corresponding Year"), as the Group's profit attributable to shareholders of the Company for the Year would decrease by not more than approximately 140%, resulting in a loss attributable to the shareholders of the Company. Based on the information currently available, the Board considers that the expected decrease was mainly attributable to the combined effect of: The decrease in government subsidies received by the Company for the Year, as compared with a package of one-off subsidies granted from the government of Hong Kong during the Corresponding Year; The decline in revenue, which was primarily due to a slow-down in construction progress of company's construction projects as a result of the COVID-19; and Increase in price of the construction materials repair and maintenance costs in motor vehicles for company's projects and subcontracting fees in some of company's projects.