China Environmental Resources Group Limited provided earnings guidance for the six months ended 31 December 2020. The board of directors of the company announced that the group is expected to record decrease in loss for the six months ended 31 December 2020 as compared to the results for the corresponding period in 2019. This is the combined effects of increase in other income to approximately HKD 3.5 million decrease in loss from changes in fair value less costs to sell of biological assets to approximately HKD 0.3 million; decrease in general and administrative and operating expenses to approximately HKD 20.5 million mainly due to decrease in salaries and rental expenses; decrease in fair value loss on investment properties to approximately HKD 1.0 million; and decrease in provision for impairment loss of loan and trade receivables to approximately HKD 0.1 million during the six months ended 31 December 2020.