Lai Group Holding Company Limited provided earnings guidance for the year ended March 31, 2023. For the year, the group expected expected to record a net loss ranging from approximately HKD 11.0 million to approximately HKD 13.0 million for the year ended March 31, 2023 as compared with a net loss of approximately HKD 3.6 million for the corresponding period in 2022. The Board considers that the net loss was primarily attributable to the decrease in revenue and gross profit margin of projects undertaken by the Group, as a result of the continuing adverse and competitive market conditions for the period.