Kowloon Development Company Limited provided consolidated earnings guidance for the year ended 31 December 2021. The Board of the company informed the shareholders of the Company and potential investors that, based on a preliminary review of the draft unaudited consolidated management accounts of the Group for the year ended 31 December 2021, the Group is expected to record a significant increase in net profit attributable to shareholders of the Company in the range of 170% to 180% for the year ended 31 December 2021 as compared to that of the corresponding period in 2020, which was mainly due to the significant net fair value gains on investment properties in Hong Kong arising from the acceptance of the land premium offered by the Government of the Hong Kong Special Administrative Region with regard to an investment property under development located at No. 35 Clear Water Bay Road, Ngau Chi Wan, partially offset by provision for financial investments.