Smart City Development Holdings Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2021. For the period, the Group is expected to record a profit for the year of not more than HKD 10 million for the year ended 31 March 2021, as compared with a net loss of approximately HKD 2.3 million for the year ended 31 March 2020. Based on the information currently available to the Board, the profit mainly arose from the increase in operating profit of the securities investment segment by approximately HKD 10 million for the year ended 31 March 2021, as compared to the year ended 31 March 2020.