Landing International Development Limited provided group earnings guidance for the year ended December 31, 2021. The board of directors of the company inform shareholders of the company and potential investors that based on the information currently available to the Board, the Group is expected to record a substantial increase in consolidated revenue of approximately 70% and a decrease of approximately 40% to 60% in consolidated net loss for the year ended 31 December 2021 as compared with the previous financial year ended 31 December 2020. The expected increase in consolidated revenue and decrease in consolidated net loss for the Year were mainly attributable to the boost in domestic consumption in their Jeju Shinhwa World under a series of marketing campaigns leading to the significant increase in revenue generated from integrated resort segment; the increase in residential property sales activities; the decrease in operating expenses resulting from stringent cost controls; and the increase in fair value of investment properties.

Despite the decline in revenue derived from gaming business, it is anticipated that there was a decrease of approximately 40% to 60% in consolidated net loss for the Year as compared with the previous financial year ended 31 December 2020.