WAC Holdings Limited provided earning guidance for the year ended 31 March 2023. The board of directors of the Company hereby informed the shareholders of the Company and potential investors that, based on a preliminary review and assessment of the information currently available to the Board, including the unaudited consolidated management accounts of the Group for the year ended 31 March 2023 (the "Year"), the Group is expected to record a net profit of approximately HKD 1.9 million for the Year as compared to the net loss of approximately HKD 4.7 million for the year ended 31 March 2022 (the "Corresponding Year"). The Board considers that the aforesaid turnaround from loss to profit position was primarily attributable to i) reversal of impairment loss for trade and other receivables and contract assets with the amount of approximately HKD 2.0 million for the Year, whereas there was a provision of impairment loss for the same of approximately HKD 3.9 million in the Corresponding Year; ii) share of result of an associate amounting a loss of approximately HK$0.2 million for the Year, whereas the share of result of the same amounting a loss of approximately HKD 1.8 million for the Corresponding Year.