The board (the "Board") of directors (the "Directors") of Hygieia Group Limited announced and the potential investors of the Company that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group (prepared in accordance with International Financial Reporting Standards (IFRS)) and other information currently available to the Board, the company expected that the net profit of the Group for the six months ended 30 June 2021 will decrease by more than 40% compared with that of the Group for the six months ended 30 June 2020. Such decrease was primarily attributable to certain one-off government grants received by the Group from the Singapore government to assist Singapore businesses in coping against the economic uncertainty due to COVID-19 during the six months ended 30 June 2020, which have significantly decreased during the six months ended 30 June 2021.