A.Plus Group Holdings Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2022. The board of directors of the company inform the shareholders of the Company and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 March 2022 and the information currently available, the Group is expected to record a significant decrease in the profit attributable to owners of the company for the Current Year not less than 50% as compared to the profit attributable to the owners of the Company for the year ended 31 March 2021 of approximately HKD 27.6 million. Based on the information currently available to the Board, such decrease is mainly attributed to (1) a decrease in revenue not less than HKD 6.9 million mainly resulting from the economic uncertainties and prolonging impact of the novel coronavirus (the "COVID-19") pandemic; (2) the absence of government subsidies of approximately HKD 5.2 million received for the year ended 31 March 2021 pursuant to the Employment Support Scheme for retention of employment and to combat the COVID-19 during the Current Year; (3) an increases in depreciation of plant and equipment mainly as a result of the newly revamped headquarters for A.Plus International Corporation Limited around March 2021; and (4) the increase in impairment loss of trade receivables.