Star Properties Group (Cayman Islands) Limited provided consolidated earnings guidance for the year ended 31 December 2020. Based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020 and the information currently available to the board of directors (the "Board") of the Company, the Board wishes to inform the shareholders of the Company (the "Shareholders") and potential investors that it is expected that the Group will record a consolidated net profit before tax in the amount between HKD 290 million to HKD 320 million for the year ended 31 December 2020 as compared to a consolidated net profit before tax of HKD 22 million (as restated) and a consolidated net loss before tax of HKD 2 million (before restated) for the same corresponding period in 2019.