Eagle Nice (International) Holdings Limited provided group earnings guidance for the year ended March 31, 2020. The company group is expected to record a substantial increase in profit for the year ended 31 March 2020 as compared to the profit for the previous year. Based on the information currently available to the company, the board believes that the main reasons attributable to the expected substantial increase in profit are (i) as disclosed in the positive profit alert of the company dated 30 October 2019 relating to the interim results of the group for the six months ended 30 September 2019, an increase in sales following the acquisition of two production facilities in Vietnam and Hubei, the People's Republic of China by the Group during the financial year ended 31 March 2019; and (ii) an increase in other income mainly attributable to the refund of contribution to the unemployment insurance fund to eligible enterprises in Guangdong Province received by the Group during the three months ended 31 March 2020 from the Human Resources and Social Security Department of Guangdong Province and the Department of Finance of Guangdong Province of the People's Republic of China.