MS Concept Limited provided preliminary consolidated earnings guidance for the nine months ended 31 December 2021. After preliminary review of the unaudited consolidated management accounts of the Group for the nine months ended 31 December 2021 and assessment of the information currently available, the board of directors of the Company wishes to inform the shareholders of the Company and potential investors that the Group is expected to record a decrease in consolidated profit for the Period of not less than 30% as compared to the consolidated profit of corresponding period in last year. During the Period, the overall Hong Kong market has less number of confirmed COVID-19 cases in the community.

The Hong Kong Government relaxed the social distancing measures and overall customer sentiment is improving. The number of customer visits of the company's restaurants increased and the turnover for the Period increased by not less than 30% as compared to the turnover of corresponding period in last year. The Group recorded a profit before taxation for the Period of not more than HKD 6.0 million, as compared to the loss before taxation recorded for the corresponding period in last year after exclusion of one-off and non-recurring items as mentioned above.