Gelonghui February 13 丨Bigo Group (08220.HK) announced that for the nine months ending December 31, 2022, the company's turnover was HK$2,646 million, a decrease of 56.39% over the previous year; the loss attributable to the company's shareholders during the period was HK$9.139 million, a decrease of 10.14% year-on-year; and the basic loss per share was HK8.90 cents.

As the novel coronavirus began to break out in 2020, all cinemas in Hangzhou and Shanghai have been unable to operate since late January 2020. In July 2020, cinemas in several low-risk areas in China were allowed to resume operations. The Group's cinemas in Shanghai and Hangzhou reopened in August 2020. However, the novel coronavirus has spread again in Shanghai and parts of the Yangtze River Delta region, and our cinemas in Shanghai were unable to open from early March 2022 to late July 2022, while theaters in Hangzhou were closed for a week in April 2022. Coupled with the overall poor box office in mainland China, the Group's revenue for this period was drastically reduced compared to the nine months ending December 31, 2022.