Pangaea Connectivity Technology Limited provided earnings guidance for the six months ended 30 September 2023. However, the group has not been able to recover as quickly as the Board had hoped for the past year. For the year ended 31 March 2023, the Group has recorded a loss of HKD 31.4 million and as disclosed above, the Group has struggled to recover amidst the extremely challenging environment and global economy, and the group is expected to continue to incur loss for the six months ended 30 September 2023 of slightly over HKD 10 million mainly attributable to the decrease in gross profit as a result of decrease in gross profit margin resulting from slow down of the PRC market and disruption of supply chain and the increase in finance expenses due to the increase in interest rate.