The board of directors of Mainland Headwear Holdings Limited informed the shareholders and potential investors of the Company that, based on the preliminary assessment of the Group's latest unaudited consolidated management accounts and the information currently available to the Board, the consolidated net profit for the year ended 31 December 2021 of the Group is expected to be not less than HKD 120 million as compared to HKD 45.9 million in the preceding financial year ended 31 December 2020. Such significant increase in the net profit is mainly contributed by the manufacturing and trading business segments of the Group.