The board (the "Board") of directors (the "Directors") of the hmvod Limited informed the shareholders of the Company (the "Shareholders") and potential investors that, based on an initial assessment of the unaudited consolidated management accounts of the Group for the nine months ended 31 December 2021, it is expected that the Group will record a loss of approximately HKD 9.3 million for the nine months ended 31 December 2021 as compared to the corresponding period in 2020 of a profit of approximately HKD 1.4 million mainly due to a one-off gain on waive of trade and other payables, written back of provision for trade and other receivables and one off gain on disposal of subsidiaries of approximately of HKD 6.7 million, HKD 3.8 million and HKD 2.4 million respectively for the nine months ended 31 December 2020. If these one-off factors are removed, the financial performance of the Company for the nine months ended 31 December 2021 is better than the corresponding period in 2020 which includes but not limited to: the revenue for the nine months ended 31 December 2021 amounted to approximately HKD 27.5 million representing an increase of approximately 10.0% over the corresponding period in 2020 amounting to approximately HKD 25 million; Finance cost decreased to approximately HKD 3.5 million as compared to approximately HKD 4.8 million of the corresponding period in 2020, representing a decrease of approximately 27.1% as compared to that of the corresponding period in 2020.