The board of directors of New Century Group Hong Kong Limited informed the shareholders of the Company and potential investors that based on information currently available to the Board and the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 March 2022, the Group is expected to record a loss attributable to owners of the Company of approximately not more than HKD 1 million for the Year (2021: a loss of approximately HKD 57 million). Such significant decrease in the loss attributable to owners of the Company for the Year was mainly attributable to (i) decrease in deficit on revaluation of cruise ships by HKD 55 million to approximately HKD 12 million (2021: a deficit of approximately HKD 67 million) and (ii) fair value gains on investment properties of approximately HKD 17 million (2021: fair value losses of approximately HKD 19 million).