Gelonghui June 28th 丨Asia Express (08620.HK) announced that for the year ending March 31, 2023, overall revenue decreased by about 20.6% year-on-year to about HK$327.7 million. The Group recorded a net loss of approximately HK$2020 million for the year (2022: HK$18.3 million). The increase in net loss for the year was mainly due to poor peripheral environment and continued obstruction of cross-border land freight traffic, which severely impacted the logistics industry in Hong Kong and had an adverse impact on the Group's revenue generated during the current financial year.