Great World Company Holdings Ltd. provided consolidated earnings guidance for the year ended 31 March 2022. The board of directors of the Company informed the shareholders of the Company and potential investors that based on a preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2022 (the "Relevant Period") after discussion with its independent auditors on 29 June 2022 in respect of the accounting treatment of the provision for impairment loss in respect of trade receivables, it is expected that the Group will record a loss attributable to owners of the Company of approximately HKD 41 million for the Relevant Period representing an increase of approximately 86% as compared with the loss attributable to owners of the Company of approximately HKD 22,099,000 for corresponding period of last year. Based on the information currently available to the Company, the increase in loss attributable to owners of the Company for the Relevant Period was mainly attributable to the combined effect of (i) the increase in provision for impairment loss recognized in respect of trade receivables, (ii) the decrease in revenue as a result of the extreme market conditions due to the continued and prolonged outbreak of the Covid-19 pandemic and (iii) increase in research and development expenses due to the development of a programmatic intelligent advertising and programmatic content operation system as compared to that for the year ended 31 March 2021.