Shunten International (Holdings) Limited provided group earning guidance for the year ended March 31, 2024. For the period the Group expects to record revenue ranging from approximately HKD 232.0 million to approximately HKD 238.0 million for the Relevant year as compared to revenue of approximately HKD 216.1 million for the year ended March 31, 2024. The Group is expected to record a consolidated results attributable to owners of the Company between a consolidated loss attributable to owners of the Company of approximately HKD 2.0 million and a consolidated profit attributable to owners of the Company of approximately HKD 2.0 million for the Relevant Year, as compared to the consolidated profit attributable to owners of the Company of approximately HKD 41.0 million for the year ended March 31, 2023.

The Board considers that such expected decrease in the consolidated results attributable to owners of the Company was primarily attributable to the net effect of following: increase in the revenue and gross profit due to the continuing recovery on Hong Kong economy and growing customer demands for products.