The board of directors of In Construction Holdings Limited informed the shareholders and potential investors of the Company that, based on preliminary assessment by the Board of the unaudited management accounts of the Group for the six months ended 30 September 2021 (the "Period"), the Group is expected to record an increase of not less than 2 times in its unaudited consolidated net profit for the Period, as compared to HKD 21.4 million for the corresponding period in 2020. Such increase was primarily attributable to, among other factors, increase in revenue and gross profit generated from projects undertaken by the Group during the Period and the recovery of the amount of variation orders certified for completed projects.