Ernest Borel Holdings Limited announced earnings guidance for the year ended December 31, 2021. Based on preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2021, it is expected that the Group will record a net loss of approximately HKD 32 million for the year ended 31 December 2021 as compared to a net profit of approximately HKD 1.3 million for the year ended 31 December 2020. The expected loss was primarily attributable to weak consumer market sentiment and an increase in distribution and administrative expenses during the year ended 31 December 2021 when compared to that in the corresponding period last year.