Guangdong Tannery Limited provided earnings guidance for the year ended 31 December 2021. For the year, the company expects the unaudited consolidated net loss of the Company to increase by over 600% as compared with the audited consolidated net loss of HKD 2.75 million in 2020. The expected increase in the consolidated net loss was mainly due to the following factors: an increase in administrative expenses which was mainly attributable to an increase in employee emoluments compared to the same period of last year; and a decrease in reversal of payables and accruals compared to the same period of last year.