Dingyi Group Investment Limited provided group unaudited earnings guidance for the year ended 31 March 2022. For the period, the group is expected to record a net loss of not more than HKD 102 million, when compared with a net profit of approximately HKD 43 million for the year ended 31 March 2021. The decline in the financial performance of the Group were mainly attributable to the decrease in revenue of properties development business, there was a one-off gain on modification of the terms of convertible bonds in the amount of approximately HKD 69 million for the year ended 31 March 2021 whereas no such gain was
recognised for the year ended 31 March 2022, and the increase in non-cash recognition of impairment loss for the expected credit losses of loan and interest receivables.