The board of director of Yuk Wing Group Holdings Limited to informed the shareholders of the Company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group, the Group expects to record a consolidated net loss for the year ended 31 March 2024 of not less than HKD 22.5 million, as compared to consolidated net loss for the year ended 31 March 2023 of approximately HKD 3.6 million. Such increase in net loss was mainly due to the decrease in revenue, gross profit and gross profit margin for the manufacturing and trading of down-the-hole rockdrilling tools segment, and the decrease in gross profit margin for the trading of rockdrilling equipment, together with the increase in loss on fair value changes of financial assets at fair value through profit or loss in the current year when compared with the year ended 31 March 2023.