Wah Wo Holdings Group Limited provided consolidated earnings guidance for the year ended March 31, 2022. Based on a preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2022 and other information currently available to the management of the Group, the Group is expected to record a consolidated net profit ranging from approximately HKD 0.9 million to HKD 1.9 million for the Year, as compared with an audited consolidated net profit of approximately HKD 6.0 million for the year ended 31 March 2021. Such decrease in expected net profit is mainly attributable to (i) continuing proactive pricing strategy in response to increasing competition in the construction industry; (ii) the decrease in government subsidies from the Employment Support Scheme under the Anti- epidemic Fund due to the outbreak of the coronavirus disease (COVID-19); and (iii) the increase in direct costs incurred from unexpected additional costs incurred to deal with unexpected changes to the on-site arrangements for certain construction projects of the Group as a result of COVID-19 pandemic.