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Last year due to the pandemic, the Hong Kong Film Awards board of directors decided to postpone the 40th Hong Kong Film Awards to this year, but in recent months as the pandemic conditions worsened the Hong Kong Film Awards has been meeting in response. As for the February 16th press conference, guests would include the Hong Kong Film Awards president Derek Yee Tung Sing as well as former Best Actor Nick Cheung Ka Fai. They would announce the nominees in the 19 categories.
The award presentation would take place at the Cultural Center on April 17th. Due to limited seating an expansion of the event would be difficult. However it would still work toward a physical award show. For now no delay would be considered due to the enormous number of eligible films.