Ausupreme International Holdings Limited provided earnings guidance for the fiscal year ending March 31, 2022. For the period, the company expects to record a consolidated loss attributable to owners of the Company for the Year in the amount of not less than HKD 3,000,000, as compared to a consolidated profit attributable to owners of the Company of HKD 3,844,000 for the year ended 31 March 2021 (Year 2021). The persistent outbreak of the COVID-19 pandemic with border closure has posed an adverse impact on overall retail market.

Nevertheless, the Group recorded an increase in revenue for the first nine months of the Year as compared to that of Year 2021 due to the optimization of sales channels and marketing strategies of the Group. The change from profit to loss was mainly attributable to the absence of grants from the Hong Kong Government and reduction of rent concession income for the Year as compared to Year 2021 which included a total of more than HKD 11,000,000 government grants and rent concession income from various landlords due to COVID-19. Besides, the outbreak of the fifth wave of the pandemic severely weakened consumption sentiment and also the sales of the Group in the first quarter of year 2022.

The Company has been actively reviewing and enhancing its business plans to strengthen the long-term development of the Group.