The board of directors of Goldin Financial Holdings Limited informed the shareholders of the Company (the "Shareholders") and the potential investors that based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 31 December 2020 (the "first half of fiscal year 2021") and the management's estimate, the Group is expected to record a substantial increase in loss for the first half of fiscal year 2021 to approximately HKD 993 million as compared to loss of HKD 482 million for the same period of last year. The increase in loss is mainly attributable to (i) an one-off termination fee of approximately HKD 452 million was incurred upon the termination of a set of agreements for the disposal of the Kai Tak residential project in July 2020, details of which are disclosed in the Company's circular dated 29 January 2021; and (ii) decrease in revenues and accordingly gross profit contribution generated by the wine and related businesses.