China Asia Valley Group Limited provided group earnings guidance for the year ended 31 December 2021. The board of directors announced that based on preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2021, which have not been reviewed or audited by the independent auditors and/or the audit committee of the Company, and taking into account the information currently available to the board, it is expected the Group will record a net loss of not more than HKD 1 million for the year ended 31 December 2021, representing a substantial decrease in loss as compared to a net loss of approximately HKD 23 million for the year ended 31 December 2020. The board considers that the expected decrease in loss is primarily attributable to an increase in profit from the property management and other related services segment and the absence of the impairment loss in investment in associates of approximately HKD 12 million in respect of the Taiwan investment of the Group for the year ended 31 December 2021.