The board of directors of New Concepts Holdings Limited informed the shareholders of the Company and the potential investors that, based on the preliminary review and assessment of the unaudited consolidated management accounts of the Group for the financial year ended 31 March 2024 and the information currently available to the Board, the Group expects to record a profit attributable to the owners of the Company of not less than approximately HKD 2.0 million as compared to the loss attributable to the owners of the Company of approximately HKD 20.8 million in the prior financial year ended 31 March 2023 (FY2023). Such change was primarily attributable to, among other factors, the following reasons: Recognition of a one-off gain of approximately HKD 52.9 million arising from a capital injection into an associate by way of intangible assets (i.e. patented technologies); Increase in equity-settled share option expense, from approximately HKD 2.30 million in fiscal 2023 to approximately HKD 10.00 million in the Year resulting from the grant of share options by the Company in August 2023; and Decrease in the financial performance of the construction business of the Group, from a profit of approximately HKD 0.5 million in fiscal year 2023 to a loss of approximately HKD 13.1 million in the Year due to delay in progress for a particular project and overall lower gross margin for newly awarded projects.