Hong Kong, 7th July: The Hong Kong Trade Development Council (HKTDC) released its Annual Report for the 2020/21 financial year ended 31st March 2021.

Due to the COVID-19 pandemic, the HKTDC has postponed or cancelled its physical fairs since April 2020 and organised virtual fairs instead. During the reporting period, the fairs attracted more than 394,000 buyers and 7,400 exhibitors.

In financial figures, revenues from exhibition admissions dropped 95%, down to US$9.1 million. Including a government subsidiary of US$77 million, the HKTDC posted total income of US$166 million, down 42% from last year.