The board of directors (the "Board") of the Four Seas Mercantile Holdings Limited announced that based on the unaudited information currently available to the management, the Group is expected to record consolidated profit attributable to equity holders of the company of between approximately HKD 40,000,000 and HKD 48,000,000 for the year ended 31 March 2021 before impairment and provisions, if any, that may be required to be made, as compared with a consolidated loss attributable to equity holders of the company of approximately HKD 19,808,000 for the year ended 31 March 2020.