Gelonghui June 27th 丨ConnectWang Group (08217.HK) announced that for the year ended March 31, 2023, the Group's total revenue increased from approximately HK$92.754 million to approximately HK$11.847 million to approximately HK$105 million. This increase is mainly due to the fact that several construction projects can begin after the COVID-19 outbreak. On March 31, 2022, the Group had 14 contracts involving a total contract amount of approximately HK$479 million; on March 31, 2023, the Group had 11 contracts involving a total contract amount of about HK$287 million.

Losses during the year decreased by approximately HK$10.184,000 from approximately HK$20147,000 for the year ended March 31, 2022 to approximately HK$9.963 million during the reporting period. The decrease was mainly due to the net impact of increases in earnings and other income and reductions in administrative and other operating expenses during the reporting period discussed above.