Speedy Global Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2021. The board of directors of the Company wishes to inform the shareholders of the Company and potential investors that, based on the preliminary assessment and analysis of the Group's unaudited consolidated management accounts for the year ended 31 December 2021 and the information currently available to the Board, the Group is expected to record a reduction in net loss by not less than 60% for the Reporting Period, as compared to a net loss of approximately HKD 148.8 million recorded for the corresponding period in 2020. Such change was mainly attributable to: (i) a decrease in provision for impairment of goodwill from HKD 122.6 million in 2020 to between HKD 6.9 million and HKD 11.4 million in 2021; and (ii) a decrease in provision of bad debts in trade receivable from HKD 11.7 million in 2020 to HKD 2.2 million in 2021.