New Concepts Holdings Limited provided unaudited Group earnings guidance for the year ended March 31, 2021. For the period, the Group is expected to record a significant decrease of not less than HKD 230.0 million in the loss for the Year as compared to loss of HKD 312.5 million in the prior financial year. Such was primarily attributable to, among other factors, the following reasons; One-off recognition of impairment losses recognised for goodwill relating to industrial fluids services business amounting to approximately HKD 138.6 million and reduction of loss of approximately HKD 41.4 million within the industrial fluids services in the Corresponding Year along with the enforcement of the pledge over the entire issued share capital in Vimab Holding AB by its creditor in April 2020; and impairment loss of approximately HKD 52.4 million recognized for operation concession in relation to Hefei Plant in the Corresponding Year.