The board of directors of ETS Group Limited informed the shareholders of the Company and potential investors that based on the information currently available to the Board and the preliminary review on the latest unaudited consolidated management accounts of the Group for the year ended 31 December 2021 the Group is expected to record a consolidated net loss attributable to the owners of the Company of not less than HKD 15,000,000 for the year ended 31 December 2021 as compared to a consolidated net loss attributable to the owners of the Company of approximately HKD 5,137,000 for the year ended 31 December 2020. The anticipated net loss is mainly attributable to the downward revaluation of an investment in a virtual asset exchange that provides trading and support services for institutions and the increase of expected credit loss of account and other receivables.