Gelonghui June 9th 丨Yaogao Holdings (01796.HK) announced,For the year ended March 31, 2023, the Group's revenue decreased 11.3% year-on-year to approximately HK$206 million. The decrease is mainly due to a decrease in the number of large-scale projects that have been undertaken and that are available in the market for undertaking in the year under review.In the year under review, the total losses and overall expenses attributable to equity holders of the company were approximately HK$18.7 million (FY2022: approximately HK$4 million). In the year under review, the basic and diluted loss attributable to equity holders of the company was approximately HK3.89 cents per share. The Board has decided not to declare any dividends for the year in review.

The loss attributable to the company's equity holders and the increase in total overall expenses were mainly due to the increase in administrative and other operating expenses in the year in review.

With extensive market experience, the Group understands that the decoration industry is full of opportunities for growth and success for contractors who can navigate the complexity of the market and adapt to a changing environment. In view of this, the Group intends to actively and prudently pursue business strategies to balance growth and stability in future development.