Termbray Industries International (Holdings) Limited expects profit for the nine months ended December 31, 2020. The board of directors of the Company (the "Board") wishes to inform the shareholders and potential investors of the Company that the Company and its subsidiaries (the "Group") expects to have a profit for the nine-month period ended 31 December 2020, while there is a loss of approximately HKD 27 million for the last financial year ended 31 March 2020. The profit for the nine-month period ended 31 December 2020 is primarily due to the aggregate effect upon recognition of the following items: foreign exchange gain arising from the revaluation of the Renminbi currency by approximately 9% during the nine-month period ended 31 December 2020; fair value gain of approximately HKD 3 million on an investment property; professional fees and expenses of approximately HKD 17 million incurred on acquisition of aEasy Credit Investment Limited together with its subsidiaries ("Zero Finance Group"); and the bargain purchase arising from the acquisition of Zero Finance Group.