The board of directors of the Fulum Group Holdings Limited and potential investors that, based on a preliminary review of the unaudited consolidated management accounts of the Group, the Group is expected to achieve a turnaround by recording a net profit of approximately ranging from HKD 19 million to HKD 22 million for the year ended 31 March 2023 ("FY2023"), as compared to a net loss of approximately HKD 49 million in the previous year (i.e. the year ended 31 March 2022) ("FY2022").