Yoho Group Holdings Ltd. Provided Earnings Guidance for the Year Ended 31 March 2023. For the period, the Group is expected to record a net profit of not less than approximately HKD 6.3 million for the year ended 31 March 2023, as compared to a net loss of approximately HKD 225,000 for year ended 31 March 2022; and an adjusted net profit(Note) of not less than approximately HKD 23.0 million for the year ended 31 March 2023, as compared to an adjusted net profit of approximately HKD 26.2 million for the year ended 31 March 2022. Based on the currently available information, the Board believes that: the aforesaid turnaround from net loss to net profit position was primarily attributable to the decrease in fair value change in convertible redeemable preferred shares of the Company; and the decrease in expenses relating to the listing of shares on the Stock Exchange and the aforesaid decrease in adjusted net profit was primarily attributable to the additional operating expenses incurred, including legal and professional fees after the listing of the Shares on the Stock Exchange; the increase in investment in system development for long-term goal; and the increase in initial cost for new business development.