Alpha Professional Holdings Limited provided earnings guidance for the year ended 31 March 2023. For the year, the company expects a substantial decline in loss, and record a near break-even level or up to a profit not more than HKD 2.0 million for the year ended 31 March 2023 ("FY2023"), as compared with the loss of approximately HKD 31.6 million for the year ended 31 March 2022. The expected improvement in the financial performance of the Group was primarily attributable to the combined effect of: an increase in gross profit from the Group's business segment of trading of milk powder and baby foods for FY2023, which was mainly due to a purchase discount of approximately HKD 25.4 million based on subscription of 9,541,620 shares (the "Bubs Shares") of Bubs Australia Limited ("Bubs Australia") at nil consideration after the Group achieved the purchase target for orders placed with Bubs Australia or its subsidiaries for the period from 1 July 2021 to 30 June 2022, details of which have been set out in the announcements of the Company dated 3 March 2022, 24 March 2022, 5 July 2022 and 29 September 2022, respectively; a significant reduction in loss from the Group's business segment of provision of mobile handset solution resulted from further scaling-down of its operations during FY2023; and an unrealised loss of approximately HKD13.6 million recognized for FY2023 arising from changes in fair value of financial assets at fair value through profit or loss by measuring the Bubs Shares at its fair value as at 31 March 2023 according to the Group's accounting policy.