China Oceanwide Holdings Limited provided earnings guidance for the three months ended 31 March 2021. The board of directors of the Company informed shareholders and potential investors of the Company that based on the Group's unaudited consolidated management accounts for the three months ended 31 March 2021, the Group has recorded a net loss attributable to the Shareholders of approximately HKD 272.5 million, which has increased significantly as compared to that for the six months ended 30 June 2020 of approximately HKD 41.83 million. Such increase was mainly due to the relevant interests and expenses not having been capitalized as the construction work in relation to the Group's real estate development project in Los Angeles, the United States of America, has not resumed during the Period. According to the preliminary assessment made by the Board based on the information currently available, it is expected that the Group's consolidated net loss attributable to the Shareholders for the six months ending 30 June 2021 will also increase significantly as compared to that of approximately HKD 41.83 million in the corresponding period last year, due to the same reason as set out above.