Huabang Technology Holdings Limited provided group earnings guidance for the year ended 31 March 2024. The board of directors of the Company informed the shareholders of the Company and potential investors that based on the preliminary assessment of the management accounts of the Group for the year ended 31 March 2024 and the information currently available to the Company, it is expected that the Group will record a profit attributable to owners of the Company of approximately HKD 11 million to HKD 16 million for the year ended 31 March 2024, as compared to the loss of approximately HKD 128 million for last year ended 31 March 2023, which was primarily attributable to (i) the increase in overall gross profit of the Group, (ii) the decrease in provision for expected credit loss allowance on the Group's account receivables, (iii) the reversal of expected credit loss on loan receivables of the Group, and (iv) the absence of impairment loss of goodwill for current year.