The board of directors of Mobile Internet (China) Holdings Limited informed the shareholders and potential investors of the Company that, based on the preliminary unaudited consolidated results of the Group for the year ended 31 December 2020 and the information currently available, the Group expects to record a significant decrease in the consolidated loss for 2020, as compared to a consolidated loss of approximately HKD 441 million for the year ended 31 December 2019. The expected significant decrease in the consolidated loss for 2020 is primarily attributable to the substantial decrease in impairment loss on goodwill for 2020.