Zhongchang International Holdings Group Limited announced that based on a preliminary review of the unfinalised and unaudited management accounts of the Group for the year ended 31 December 2021 and other information currently available to the company, including but not limited to the latest draft property valuation report prepared by an independent property valuer as at 31 December 2021, the company is expected to record a profit attributable to owners of the company of not less than HKD 220 million for fiscal year 2021 as compared to a loss attributable to owners of the company of approximately HKD 181 million for the year ended 31 December 2020. Such expected increase was mainly attributable to an one-off and non-recurring gain on disposal of 100% equity interest in Shanghai Yuexin Enterprise Management Consultancy Co. Ltd.