Tree Holdings Limited provided consolidated earnings guidance for the year ended 31 March 2023. The Group expects that the net loss for the year ended 31 March 2023 not more than HKD 10.5 million, as compared to the net profit of the Group for the year ended 31 March 2022 of approximately HKD 5.2 million. The Board considers that the decline was mainly attributable to the recognition of a non-cash impairment of goodwill of approximately HKD 14.7 million.