K. H. Group Holdings Limited provides earnings guidance for the year 31 March 2023. The Group expects to record a net loss of not more than HKD 74.2 million for the Year as compared to a net loss of approximately HKD 18.3 million for the year ended 31 March 2022. The Board considers that the anticipated increase in net loss is mainly attributable to the combined effects of following: a) Decrease in revenue and gross profits due to substantial completion of certain projects on hand during the Year, especially for the projects located at the Kai Tak development area; b) Increase in construction costs towards the completion stages of certain foundations projects during the Year; c) Increase in project costs due to the unexpected changes in on-site arrangements and works schedules of certain projects as a result of the fifth wave outbreak of the COVID-19 during the Year; d) Increase in net provision for expected credit loss on trade receivables, other receivables and contract assets from approximately HKD 910,000 during the Comparative Year to approximately HKD 6,000,000 during the Year as a result of the deteriorating operating environment in the construction industry in Hong Kong; and e) Increase in receipt and recognition of non-recurring government grants from approximately HKD 212,000 during the Comparative Year to approximately HKD 2,935,000 during the Year under the Employment Support Scheme and Construction Innovation and Technology Fund launched by the Hong Kong SAR Government.