Simplicity Holding Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2021. For the period, the Group is expected to record a net profit attributable to owners of the Company in the amount of not more than approximately HKD 9.0 million for the year ended 31 March 2021 as compared to a net loss attributable to owners of the Company of approximately HKD 44.5 million for the corresponding period in 2020. The Board considered that the turnaround from loss to profit was mainly attributable to receipt of government subsidies under the Anti Epidemic Fund and decrease in staff costs as a result of implementation of control measures by the Group.