Beaver Group (Holding) Company Limited provided earnings guidance for the year ended 31 December 2021. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the nine months ended 31 December 2021, the Group is expected to record a net loss ranging from approximately HKD 16 million to approximately HKD 19 million for the nine months ended 31 December 2021 as compared with a net loss of HKD 2.79 million for the corresponding period in 2020. The Board considers that the increase in net loss was primarily attributable to (i) the decrease in gross profit due to cost overrun incurred in construction projects, mainly the project located in Hung Hom resulting from delay in work progress; (ii) the provision for impairment of trade and retention receivables; and (iii) the decrease in other income as a result of absence of subsidies of the Employment Support Scheme under the Anti-epidemic Fund, set up by the Hong Kong Government.