New Concepts Holdings Limited provided earnings guidance for the year ended March 31, 2022. For the period, the company the Group is expected to record a profit of not less than approximately HKD 7.0 million for the Year as compared to loss of HKD 63.6 million in the prior financial year. Such was primarily attributable to, among other factors, the following reasons: Profit generated from construction of Xuancheng Plant (which was awarded in March 2021 under Build-Operate-Transfer model) amounting to approximately HKD 20.0 million; Partial reversal of impairment loss of approximately HKD 24.0 million for Hefei Plant's operation concession; and Decrease in finance costs of approximately HKD 17.0 million for the Year, along with the decrease in the Group's overall borrowing level, particularly the derecognition of approximately HKD 99.1 million bank and other borrowings along with the disposal of Taiyuan Plant, and application of proceeds from disposal of Taiyuan Plant to repay the Group's debts, bonds and other interest-bearing and payables.