Tse Sui Luen Jewellery (International) Limited provided unaudited consolidated earnings guidance for the ended March 31, 2021. For the period, the company expects to record a net loss attributable to owners of the Company of not less than approximately HKD 40 million as compared to the consolidated net loss attributable to owners of approximately HKD90 million for the year ended 31 March 2020. The coronavirus outbreak has impacted the global economy, and the Group's sales performance in all operating regions were greatly affected by the weakened domestic and external demands since the beginning of the financial year under review. While PRC sales have gradually recovered since May 2020 to almost pre-epidemic level and the drop in Hong Kong sales has also started to narrow from September 2020, discount-based promotions have squeezed profit margin and driven down pace of recovery. At the same time, the decrease in expenditures from various cost saving measures implemented since August 2019, the full year effect of lowered staff cost from organizational structure streamlining and government subsidies have contributed to a reduction in loss. The Board considers that the Group is recovering at a healthy momentum and maintaining a strong financial position.