Kin Yat Holdings Limited provided group earnings guidance for the year ended March 31, 2022. The board of directors of the company further informed the Shareholders and potential investors that based on the unaudited consolidated results of the company for fiscal year 2022, the company is expected to
record a profit attributable to the Shareholders of approximately HKD 56.5 million, representing a decline of approximately 45.5% as compared to that of approximately HKD 103.6 million for fiscal year 2021. The Board considers that the increase in the decline in profit attributable to the Shareholders
as expected for fiscal year 2022 is primarily due to the additional impairment and provision required to be made after the date of Announcement.