Royale Home Holdings Limited announced earnings guidance for the year ended 31 December 2021. For the year, the company expected from loss before tax (without taking into account the Gain on Disposal of Lands (as defined
below)) of approximately HKD 22 million for the year ended 31 December 2020 to profit before tax in the range of approximately HKD 70 million to HKD 100 million for the year ended 31 December 2021 (the "Turnaround"); and (ii) a decrease in profit before tax of approximately HKD 940 million to HKD 970 million for the year ended 31 December 2021, as compared to the profit before tax of approximately HKD 1,040 million for the year ended 31 December 2020.