[Caihua News] Gao Men Group (08412.HK) announced that based on a preliminary review of the Group's "first quarter" unaudited consolidated management accounts for the quarter ended August 31, 2021, the Group expects a net loss of about HK $2 million for the first quarter (net profit of about HK $2.02 million for the same period in 2020). The above losses were mainly due to the cessation of subsidies granted by the Hong Kong Special Administrative region Government to support the industry to resist 2019-nCoV 's disease, resulting in no related other income in the first quarter (about HK $8.7 million in the same period in 2020).

Nevertheless, the Board is of the view that the Group's operating performance has in fact improved, which is reflected in revenue of about HK $17.8 million in the first quarter, a more than three-fold increase from about HK $5.4 million in the same period in 2020. The increase was mainly due to (I) the relaxation of measures such as "social distance" and "dining restrictions", as well as the strong performance of FAYE, a business owned by the ii Group, which was officially launched in June 2021.