Asia-express Logistics Holdings Limited provided earnings guidance for the year ended March 31, 2022. For the year, the company expected to record a net loss of approximately HKD 18.0 million to HKD 28.0 million, as compared to a net loss of approximately HKD 7.7 million for the year ended March 31, 2021. Such expected net loss is mainly attributable to: the decrease in revenue in the fourth quarter of the year ended March 31, 2022 due to the outbreak of the fifth wave of COVID-19 pandemic in Hong Kong; and the increase in employee benefit expenses due to the absence of government subsidies of approximately HKD 6.4 million received for the year ended March 31, 2021 pursuant to the Employment Support Scheme for retention of employment and to combat the COVID-19 pandemic.