Tonking New Energy Group Holdings Limited provided earnings guidance for the 11 months ended 29 February 2024. The Group is expected to record an increase of 50% to 80% in profit attributable to owners of the Company for the 11 months ended 29 February 2024, as compared to the profit attributable to owners of the Company in the amount of HKD 27,633,000 recorded for the year ended 31 March 2023, which was mainly attributable to the increase in gross profit of the renewable energy business of the Group and a subsidiary applying to the income tax reduction and exemption of 25% to 15% as a new high-tech enterprise.