StarGlory Holdings Company Limited provided earnings guidance for the year ended 31 March 2021. The Group is expected to record a profit attributable to owners of the Company within the range of HKD 0.8 million to HKD 3.8 million for the reporting period. The Board considers that the turnaround from loss to profit during the Reporting Period was mainly because (i) there was a decrease in the number of under-performing restaurants as the Group had reviewed the performance of restaurants and consolidated under-performing restaurants to further enhance the structure and reduce unnecessary expenses during the Reporting Period; (ii) as to Hong Kong market, its business was not as severely affected by the Novel Coronavirus as compared with its peers primarily because its cake shop business was less affected by the social distancing measures, and it put emphasis on the seasonal and festival products which has made a remarkable contribution to the Group's income during the Reporting Period; (iii) based on the result of impairment assessment, there was a substantial decrease in impairment loss recognized for the Reporting Period as compared to that of the corresponding period in 2020, given no impairment loss is expected to be recognized for the Reporting Period while an impairment loss on non- financial assets under the cash-generating unit of restaurants, café and cake shops of approximately HKD 10 million was recognized for the year ended 31 March 2020; (iv) the Group received wages subsidies under the Employment Support Scheme launched by the government of the Hong Kong Special Administrative Region (the "HKSAR") and subsidies from the Anti-epidemic Fund from the government of the HKSAR recorded as other income in the sum of approximately HKD 15.5 million for the Group's business activities carried out in Hong Kong during the Reporting Period; and (v) the Group recognized an one-off unaudited gain of approximately HKD 1.9 million from the disposal of subsidiaries for the operation of Japanese curry restaurants under the trade name of Shirokuma Curry in late September 2020.