Gelonghui June 30th 丨As announced by Ecology International Holdings (08245.HK), for the year ended March 31, 2023, the Group's revenue decreased from about HK$126 million in the same period last year to about HK$66.4 million, a decrease of about 47.4%. This decrease is mainly due to a decrease in the number of two-way walkie-talkie purchase orders from customers for the year ended March 31, 2023.

The Group recorded a loss of HK$26.4 million for the year ended March 31, 2023, while the year ended March 31, 2022 recorded a loss of HK$60.4 million. The loss was reduced mainly due to the successful implementation of the Group's restructuring plan, which reduced sales costs and administrative expenses during the year and the reimbursement of impairment losses under anticipated credit losses confirmed during the year.