The board of directors of Playmates Toys Limited informed shareholders of the Company and investors that, based on a review of the Group's preliminary unaudited financial results for the six months ended 30 June 2023, the unaudited revenue of the Group for the six months ended 30 June 2023 is approximately HKD 347 million as compared to HKD 267 million for the corresponding period in 2022. The Group is expected to report a net profit of approximately HKD 87 million for the six months ended 30 June 2023, as compared to a net loss of HKD 1.4 million during the prior year period. The favorable comparison was mainly driven by: (i) initial shipments of "Teenage Mutant Ninja Turtles" toy line supported by the global release of the "Teenage Mutant Ninja Turtles: Mutant Mayhem" animated movie in August 2023; and (ii) an unrealized net gain of approximately HKD 14 million and a realized net gain of approximately HKD 2 million on the Group's treasury investment in listed equity securities for the six months ended 30 June 2023, as compared to an unrealized net loss of HKD 26 million recorded for the corresponding period in 2022.