Beijing Sports and Entertainment Industry Group Limited provided Group earning guidance for the year ended 31 December 2021. It is expected that the Group will record a loss attributable to the owners of the Company of not less than HKD 30.0 million for the year ended 31 December 2021 as compared to the loss attributable to the owners of the Company of approximately HKD 11.9 million for the corresponding period of 2020. The primary reasons for the increase in loss were mainly attributable to (i) the impairment on debt investments at fair value through other comprehensive income of approximately HKD 16.4 million; (ii) the impairment loss on trade receivables and contract assets of approximately HKD 21.6 million; and (iii) the fair value loss on financial assets at fair value through profit or loss of approximately HKD 21.7 million.