M&L Holdings Group Limited provided earnings guidance for the three months ended 31 March 2021. The Board informed shareholders and potential investors of the Company that the decrease in expected loss for the Period was mainly due to the combined effect of (i) an increase in revenue by approximately 130%, as COVID-19 situation eased up near the end of year 2020 and construction activities resumed, sales to both Hong Kong and overseas customers (including the Europe, North America and Asia Pacific market) gradually picked up; (ii) a decline in gross profit ratio from 33% to approximately 25%, as price concession was adopted during the Period in view of potential competition amidst the global uncertain economic condition; and (iii) a decline in foreign exchange loss for the Period given a relatively stable Renminbi and Euro exchange rates, as compared with the corresponding period in 2020.