The board of directors of Eagle Nice (International) Holdings Limited informed the shareholders (the "Shareholders") and potential investors of the Company that the Group is expected to record a substantial decrease in profit attributable to the owners of the Company of approximately 25% to 35% for the six months ended 30 September 2021 as compared to that of HKD 230.8 million for the corresponding period in 2020. Based on the information currently available to the Company, the Board believes that the main reasons attributable to the expected substantial decrease in profit attributable to the owners of the Company are: (i) an increase in the production costs of the Group as the various COVID-19 related relief measures from the government of the People's Republic of China, which were granted to the Group during the last year of 2020, were no longer available to the Group for the six months ended 30 September 2021; (ii) a substantial increase in transportation costs resulting from shortage of containers and dock workers following the gradual resumption of global economic activities; and (iii) the operation of the Group's production base located in Vietnam temporarily suspended during the period from mid-July 2021 to early October 2021 in response to COVID-19 prevention and control measures adopted by the government of Vietnam.