China Oceanwide Holdings Limited provided earning guidance for the ten months ending October 31, 2021 and year ending December 31, 2021. For the period, the company expects net loss attributable to the Shareholders of approximately HKD 992.7 million during the Period, which has already exceeded the net loss attributable to the Shareholders of approximately HKD 926.6 million for the year ended 31 December 2020. The increase in loss is mainly due to relevant interests and expenses not having been capitalised as the construction work of the Group's real estate development project in Los Angeles, the United States of America has not resumed; and the increase in penalty interest and loan extension fees. For the year, the company expects that the Group's consolidated net loss attributable to the Shareholders for the year ending 31 December 2021 will also increase significantly as compared to that of approximately HKD 926.6 million for the year ended 31 December 2020 mainly due to the reasons set out above; the potential increase in litigation expenses provisions in relation to the U.S. real estate development projects; and the possible impairment provisions for various overseas projects of the Group.