The Board of Directors of the Birmingham Sports Holdings Limited announced the shareholders of the Company and potential investors that, based on the preliminary review on the information currently available to the Board, including the unaudited consolidated management accounts of the Group for the year ended 30 June 2022 (FY21/22), the Group is expected to record a decrease in loss attributable to owners of the Company for FY21/22 by over 35% as compared to that of the year ended 30 June 2021. The expected decrease in loss for FY21/22 was mainly due to (i) absence of loss on extinguishing financial liabilities with equity instruments; (ii) decrease in loss arising on fair value change on investment properties; (iii) decrease in impairment loss on right-of-use assets; and (iv) the gain on compensation from the football club segment in the United Kingdom receivable under the profit and loss sharing arrangement between the Company and a non-controlling shareholder of major subsidiaries of the Group pursuant to the shareholders' agreement dated 9 October 2020; and these favourable factors were partly offset by (i) the significant decrease in profit on transfer activities of players; (ii) absence of gain on disposal of subsidiaries; (iii) absence of fair value gain on derivative financial instruments; and (iv) the increase in foreign exchange loss during the year.