Renco Holdings Group Limited provided consolidated earnings guidance for the year ended December 31, 2021. The Group is expected to record a decrease of approximately 57% in its consolidated loss before taxation for the Relevant Year to not less than HKD 450 million as compared with the loss before taxation of approximately HKD 1,037 million for the prior financial year ended 31 December 2020. The Board considers that the expected losses for the relevant Year were mainly due to the provision for losses on several overdue repayment of the financial assistances provided by the Group and additional provision for losses on certain overdue receivables under the litigation proceedings on the Overdue Financial Assistances of approximately HKD 255 million in total; the substantial fair value losses of approximately HKD 57 million arising from the adverse market price movements in the listed securities held by the Group at the fair value through its profit and loss; and the impairment losses of approximately HKD 89 million arisen as a result of the decrease in the market value of the treasury investments segment and financial services segment caused by the current worldwide capital market fluctuations and the adverse impacts of the outbreak of Coronavirus Disease 2019.