Bauhaus International (Holdings) Limited provided that the Group is expected to record a net profit of approximately HKD 30.0 million to HKD 100.0 million for the year ended 31 March 2021 as compared to a net loss of about HKD 172.6 million for the year ended 31 March 2020. The favorable results were primarily attributable to the combined effect of (i) the gain on disposal of properties of about HKD 47.4 million (2020: HKD 29.2 million); (ii) the receipt of pandemic relief and subsidies from the Hong Kong and Macau governments aggregately of about HKD 20.6 million (2020: Nil); (iii) the temporary rental concessions granted from landlords, restructured and/or early surrendered certain leases with landlords as well as liquidation of certain subsidiaries of the Group; and (iv) the effective cost control measures adopted by the Group since 2020.