Sheen Tai Holdings Group Company Limited provides earning guidance for the year ended 31 December 2021. The Group is expected to record a loss for the year not more than HKD 10 million for the year ended 31 December 2021 (the "Reporting Period") as compared with the profit for the year of HKD 16.5 million for the corresponding period in 2020. Based on the Group's unaudited consolidated management accounts for the Reporting Period and other information currently available to the Group, the Group considers that the turnaround of the Group's performance of the Reporting Period was primarily due to: more than HKD 20 million decrease in revenue from the properties development and related service segment as compared with the corresponding period in 2020, which was caused by the substantial decrease in the revenue of the remaining inventories of properties (which were mainly comprised of storage rooms and parking lots) being sold; and the increase in impairment of trade and other receivables that subjected to a professional assessment by independent valuer.