China Creative Digital Entertainment Limited board of directors announced that the Group is expected to record a substantial decrease in loss to not more than HKD 60 million for the six months ended 31 December 2020 as compared to approximately HKD 144 million loss recorded for the corresponding period in 2019. The substantial decrease in loss was primarily due to the reduction in the selling and distribution cost, the impairment loss on interests in associates, administration expenses and increase in gross profit of the Group.