Tan Chong International Limited provided group earnings guidance for the year ended 31 December 2021. For the year, the Group expects to record an estimated after-tax profit of HKD 420 million for the Period as compared to the audited after-tax profit of HKD 85 million for the corresponding year ended 31 December 2020. The increase in after-tax profit is mainly attributable to the valuation gains of the Group's investment properties for the Period. The Group's investment properties are stated in its consolidated statement of financial position at their fair value and are determined by
independent professional valuers on an open market basis as at 31 December 2021.