CSMall Group Limited provides earnings guidance for the year ended 31 December 2021. The Group expects to record a net profit or loss attributable to owners of the Company ranging from a net loss of RMB 2 million to a net profit of RMB 1 million for fiscal year 2021, as compared to a net loss attributable to owners of the Company of approximately RMB 36 million for the year ended 31 December 2020 ("fiscal year 2020"). Such expected improvement in profitability is mainly attributable to the following factors: the absence in fiscal year 2021 of the one-off net loss on termination of assignment contract in relation to the acquisition of a land use right of approximately RMB 27 million recorded in FY2020; and the net reversal of impairment loss under expected credit loss model recognized in respect of trade receivables for fiscal year 2021 of approximately RMB 9 million, as compared to the net loss in this respect for fiscal year 2020 of approximately RMB 11 million.