Smart City Development Holdings Limited provides earnings guidance for the full year ended March 31, 2022. The Group is expected to record a substantial increase in profit attributable to owners of the Company for the year of not more than HKD 17.0 million for the year ended 31 March 2022, as compared with approximately HKD 9.8 million for the year ended 31 March 2021. Based on the information currently available to the Board, such an increase mainly arose from (i) the increase in operating profit in the construction business segment of approximately HKD 10 million, as compared to the year ended 31 March 2021; (ii) the gain arising from the disposal of 85.7% of the issued share capital of Deson Construction Engineering Limited of approximately HKD 3.0 million during the year ended 31 March 2022; and (iii) the decrease in operating profit in the securities investment segment of approximately HKD 6.0 million, as compared to the year ended 31 March 2021.