Miko International Holdings Limited provided earning guidance for the year ended 31 December 2021. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on the preliminary assessment of the information currently available: the Board expects to record a significant increase in revenue by approximately 20% for the year ended 31 December 2021 as compared to the revenue for the year ended 31 December 2020; and the Board expects to record a significant decrease in net loss by over approximately 50% for the year ended 31 December 2021 as compared to the net loss for the year ended 31 December 2020. The decrease in net loss for the year ended 31 December 2021 was primarily due to the sharp decrease in allowance for expected credit losses on trade receivables, write down on inventories, selling and distribution expenses and administrative and other operating expenses as a result of the stringent control measures during the year.