The board of Creative Enterprise Holdings Limited inform shareholders of the Company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2020 and the information currently available to the Company, the Group is expected to record a significant increase of not less than 100% in its unaudited consolidated net profit for the six months ended 30 September 2020 as compared to a net profit of approximately HKD 17.1 million for the six months ended 30 September 2019. The Board considers that such expected increase in profit was primarily attributable to the combined effect of the factors: (i) receipt of time-limited wage subsidy under the first tranche of HKSAR Government's Employment Support Scheme, which the Company has applied as a move to retain employees and maintain stability of the workforce; (ii) procurement of a number of cleansing services contracts at the quarantine facilities awarded by the Hong Kong Department of Health, to provide additional anti-epidemic cleaning services, which the Company accepted the task as a corporate social responsibility to serve the community in the fight against coronavirus; and (iii) organic growth of business by successfully acquiring three new property management contracts and one new secondment contract from the Hong Kong Housing Authority.