Global Mastermind Holdings Limited revised consolidated earnings guidance for the year ended 31 December 2021. The Group expects the loss for year 2021 to decrease by around 28% to 38% only as compared to the loss of HKD 267.08 million for Full Year 2020. The increase in the amount of expected loss as compared to the over 50% loss reduction as previously estimated in the Previous Announcement is mainly attributable to a loss arising on change in fair value of the Company's convertible bonds of HKD 96.34 million and further adjustments in the allowance for expected credit loss on loan receivables.