State Energy Group International Assets Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2024. For the year, the Group is expected to record a consolidated net loss attributable to owners of the Company in a range of approximately HKD 57 million to HKD 59 million for the year ended 31 March 2024 as compared to the consolidated net loss of approximately HKD 24.7 million for the year ended 31 March 2023. The Board considers that the increase of net loss was primarily attributable to (i) an increase in impairment losses on trade and other receivables under expected credit loss model by approximately HKD 59.9 million, of which mainly as a result of defaulted repayment from certain receivables; (ii) an increase in provision on inventories due to stagnant movement on certain aged garment inventories in wholesale business of the Group by approximately HKD 26.1 million; and offset by (iii) an increase in Group's revenue of approximately HKD 39.5 million, and (iv) a gain on disposal of entired equity interest in GBR (HK) Limited of approximately HKD 8.1 million.