Standard Development Group Limited provided earnings guidance for the year ended March 31, 2022. For the period, the company expected to record a net loss of not less than HKD 18.0 million as compared to a net profit of approximately HKD 1.0 million for the corresponding period in 2021. The Board considers that the net loss was mainly attributable to the provisions made on expected credit loss regarding to the legal dispute as disclosed in the Company's announcement dated October 15, 2021; and the increase in administrative and other operating expenses due to the increase in staff costs including directors' emoluments.