Blumont Group Ltd. provided earnings guidance for the year ended December 31, 2021. For the year, the group expected to report net losses. Based on the preliminary review of its draft unaudited financial results for fiscal year 2021, the expected losses are mainly due to the professional fees incurred in relation to the corporate proposal announced by the Company on October 1, 2021 comprising the proposed acquisition of 100% of the issued and paid-up share capital in Mendol Investments Pte.

Ltd. and Hinako Investments Pte. Ltd. and 60% of the issued and paid-up share capital in Prime Holdings Pte. Ltd., Enggano Investments Pte.

Ltd. and Mesawak Investments Pte. Ltd., and the proposed renounceable non-underwritten rights cum warrants issue.