Goal Forward Holdings Limited provided earnings guidance for eleven months ended 28 February 2021. Based on a preliminary review on the unaudited consolidated management accounts of the Group for the eleven months ended 28 February 2021 and information currently available to the Board, the Group recorded a loss of approximately HKD 3.6 million for the eleven months ended 28 February 2021 as compared to a loss of approximately HKD 1.2 million before professional fees for transfer of listing for the corresponding period in 2020. The Board considers that the increase in net loss was primarily attributable to lower revenue and gross profit resulted from weakening consumer sentiment, adversity in general catering business environment and the dine in restrictions imposed to the catering sector due to the outbreak of novel coronavirus (COVID-19), which led to lower demand of food supply by the Group. The net loss was partially offset by the government grants received by the Group in the amount of approximately HKD 3.9 million during the period.