Vitasoy International Holdings Limited provided group earnings guidance for the year ended March 31, 2023. For the year, expects Group is expected to record a profit attributable to the Shareholders in the range of HKD 35 million to HKD 55 million, as compared to a loss attributable to the Shareholders of approximately HKD 159 million for the year ended 31st March 2022. The increase is mainly attributable to a significant increase in net profit from Mainland China business, specifically: - The Mainland China business has stabilised and achieved solid profitability through effective trade spend management and cost rationalisations in the areas of operations and promotion; and - The Hong Kong SAR business has sustained growth and also received COVID- 19 related government subsidies of HK$60 million versus HKD 17 million in the Prior Year.

The above was partially offset by: - HKD 43 million (mainly transition costs) incurred in relation to the acquisition of the remaining 49% equity interest in Vitasoy Australia Products Pty. Ltd. and - Lower recognition of deferred tax credit in respect of tax losses in the Financial Year, as compared to Prior Year.