The board of directors of 8088 Investment Holdings Limited announced that, based on a preliminary review of the unaudited financial information of the Company and its subsidiaries, the Group is expected to record a 15% to 20% decrease in loss for the three months ended 31 March 2022 as compared to the loss for the three months ended 31 March 2021. The decrease in loss was mainly attributable to (i) the legal and professional fees incurred in relation to the provisional liquidation (for restructuring purpose) during the three months ended 31 March 2021, whereas there were no such expenses during the Period, and (ii) decrease in finance costs upon the renewal of borrowings in December 2021.