The board of directors of Snack Empire Holdings Limited announced earning guidance for the year ended 31 March 2021, the Group expects net profit attributable to equity holders of the Company for the year ended 31 March 2021 to fall by approximately 80% or approximately SGD 2.85 million as compared to the year ended 31 March 2020. The Directors consider the decrease in net profit were mainly due to (i) the decrease in overall royalty income received from Indonesia master licensee mainly because additional chargeable licensor support is no longer required after Indonesia master licensee achieved operational excellence and (ii) the Coronavirus Disease 2019 pandemic which has adversely affected the economy of the major countries in which the Group operates in and led to decrease in revenue of the Group.