The board of directors of the Suga International Holdings Limited announced that, based on the preliminary assessment of unaudited consolidated management accounts of the Group and the information currently made available to the Board, the profit attributable to owners of the Company for the year ended 31 March 2022 is expected to decrease by approximately 25% to 35% as compared to approximately HKD 79.3 million for the year ended 31 March 2021. The decrease in profit attributable to owners of the Company during the period was mainly attributable to decrease by approximately 12% in total revenue which is mainly due to epidemic prevention and control was tightened in the Group's two major production bases located in Dongguan and Vietnam, which affected production and operation, resumption of work and recruitment of staff, raw material supply and logistics of the Group, which in turn had certain impact on the Group's profitability.