The board of directors of Ko Yo Chemical (Group) Limited informed the shareholders of the Company and potential investors that, based n the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2021 and information currently available to the Company, the Group expects to record (i) revenue of not less than HKD 108 million, as compared to approximately HKD 65.3 million for the year ended 31 December 2020, representing an increase of 65.4%; and (ii) net profit of not less than HKD 11 million, as compared to a loss of approximately HKD 1.6 million (including the government subsidies recognised by the Group in the amount of approximately HKD 5.9 million for the year ended 31 December 2020 under the Employment Support Scheme and other subsidies under the Government's Anti-epidemic Fund in Hong Kong and Macau) for the year ended 31 December 2020. The change from a loss to a profit position for the Year was mainly attributable to the increase in the revenue generated from the recruitment services as a result of the increased demand from the Group's clients. Benefiting mainly from the economic recovery from the adverse impact brought by the novel coronavirus disease ("COVID-19") and continuous and effective control of COVID-19 in the People's Republic of China ("China") and Hong Kong together with the Group's business expansion in China, the revenue generated from the recruitment services of the Group has recorded a significant growth during the Year.