The board of directors of the Man Shing Global Holdings Limited announced that, based on the Board's preliminary review of the unaudited consolidated management accounts of the Group for the nine months ended 31 December 2021 which have not been audited by the auditors of the company nor reviewed by the audit committee of the Company, it is expected that the Group will record a profit after tax of approximately HKD 6.5 million for the Period, as compared to the profit after tax of approximately HKD 25.9 million for the nine months ended 31 December 2020. Based on the information available to the Company immediately preceding the publication of this announcement, the Board considers that the decrease of the group's profit after tax for the Period was mainly attributed to the completion of two street cleaning contracts and the increase in staff costs during the Period, resulting in a decrease in the Group's overall gross profit of approximately HKD 16.0 million and the decrease of other income of approximately HKD 10.9 million relating to the subsidies received by the Group under the Anti-epidemic Fund and the Employment Support Scheme set up by the Hong Kong Government in last year, while no such subsidies were received during the Period.