The board of directors of Hope Life International Holdings Limited informed the Company's shareholders and potential investors of the Company that based on preliminary review of unaudited consolidated management accounts of the Group, and other relevant information currently available to the Company, the Group expects to record a net profit of not less than HKD 6 million for the year ended 31 December 2021 as compared to the net loss amounted to HKD 10.1 million for the year ended 31 December 2020. Based on the relevant information currently available to the Company, the Board considers that the expected turnaround from net loss to net profit of the Group was mainly due to the increase in revenue from construction and ancillary services, consumer goods business, and the decrease in allowance for expected credit losses.