The Board of Directors of Far East Hotels and Entertainment Limited announced that, the annual results of the Group for year ended 31 March 2021 are expected to record a profit in the region of HKD 10 million comparing with the loss of approximately HKD 24 million for the year ended 31 March 2020. The expected turnaround from loss to profit was primarily due to an increase of approximately HKD 10 million in fair value of financial assets at fair value through profit or loss and an increase in fair values of investment properties located in Hong Kong.