Kai Yuan Holdings Limited provided earnings guidance for the year ended 31 December 2021. For the year, the Group is expected to record a loss attributable to owners of the Company of not less than approximately HKD 160.0 million (for the twelve months ended 31 December 2020: approximately HKD 332.9 million). The expected loss for the year is mainly attributable to the provision of impairment of approximately HKD 8.3 million on the investment in the Associate; the provision of the expected credit loss of approximately HKD 103.6 million on the loan granted to the Associate; the share of loss of approximately HKD 25.5 million from the Associate for the year ended 31 December 2021; and the record of the fair value loss of approximately HKD 9.6 million from the unsecured convertible bonds invested by the Company.