CMON Limited provided consolidated earnings guidance for the year ended December 31, 2021. Based on the preliminary review and assessment of the information currently available to the Board, including the unaudited consolidated financial results of the Group for the year ended December 31, 2021, the Group is expected to record a profit attributable to equity holders of the Company for the year ended 31 December 2021 as compared to the loss of approximately USD 4.9 million of the Group for the year ended December 31, 2020. As stated in the annual results announcement of the Company dated 26 March 2021, profitability for the year ended 31 December 2020 was depressed mainly due to the COVID-19 pandemic as China was in lockdown during the first quarter of 2020 and since the Group's contract manufacturers are mostly based in China, the Group was unable to produce or ship its games to customers.

Sales in the third and fourth quarters of 2020 and throughout 2021 have recovered to pre-COVID levels, and the Group's sales, in particular to wholesalers, have grown substantially for the year ended 31 December 2021.