Lai Sun Development Company Limited provided earnings guidance for the year ended July 31, 2021. Based on the latest unaudited management accounts of the Group for the year ended 31 July 2021 ("Year"), the board of directors of the Company ("Board") informed shareholders of the Company ("Shareholders') and potential investors that the consolidated loss attributable to owners of the Company for the year is expected to decrease significantly by not less than 25% as compared to a net loss of approximately HKD 2,934.8 million for the year ended 31 July 2020. The narrowed loss is primarily attributable to the reduction in net fair value losses on investment properties, the write-down of completed properties for sale to net realisable value and the impairment of right-of-use assets during the Year as compared to last year.