Daido : Inside Information Decrease in Loss

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DAIDO GROUP LIMITED 大同集團有限公司*

(Incorporated in Bermuda with limited liability)

(Stock Code: 00544)

INSIDE INFORMATION

DECREASE IN LOSS

This announcement is made by Daido Group Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong) (the "SFO").

Based on the information available for the time being, the board of directors (the "Board") of the Company wishes to inform the shareholders of the Company (the "Shareholders") and potential investors that the Group is expected to record a loss of approximately not less than 50% decrease for the year ended 31 December 2020, as compared with the loss of approximately HK$67,138,000 recorded for the year ended 31 December 2019. The Board considers that the expected decrease in the loss is primarily attributable to the improved performance of the trading of food and beverage segment and the effective cost-savings measures implemented of the group.

The information contained in this announcement is only based on the preliminary assessment by the Board with reference to the latest available consolidated management accounts of the Group, which have not been reviewed or audited by the Company's auditor and/or reviewed by the audit committee of the Company. Details of the Group's financial performance will be disclosed in the annual results announcement of the Group which will be issued by end of March 2021.

Shareholders and potential investors should exercise caution when dealing in the shares of the Company.

By order of the Board Daido Group Limited Ho Hon Chung, Ivan

Executive Director

Hong Kong, 15 March 2021

As at the date of this announcement, the Board comprises executive directors, namely, Mr. Ho Hon Chung, Ivan and Mr. Fung Pak Kei; non-executive directors, namely, Mr. Au Tat Wai and Mr. Fung Wa Ko; and independent non-executive directors, namely, Mr. Fung Siu Kit, Ronny, Mr. Leung Chi Hung and Mr. Tse Yuen Ming.

* For identification purpose only