Tat Hong Equipment Service Co., Ltd. provided group earnings guidance for the year ended 31 March 2022. The company announced that, based on the information currently available to the Company and the preliminary assessment of the consolidated results of the Group for the year ended 31 March 2022, the Group is expected to record a reduction of 45% to 55% in the profit attributable to equity holders of the Company for the year ended 31 March 2022 as compare with that for the year ended 31 March 2021. Such reduction is primarily due to, among the other factors, (i) the impact of accounting treatment (a non-cash adjustment) on the value of the shares awarded to the top management of the Company in March 2022 under the share award scheme contributed by the shares of the Company owned by the controlling shareholders of the Company, i.e. no new shares have been issued by the Company pursuant to the share award scheme, for rewarding the contribution of the senior management made to the Group; and (ii) the increase in finance cost during the year ended 31 March 2022.