China Primary Energy Holdings Limited provided earnings guidance for the three months ended March 31, 2021. For the period the company shareholders and potential investors that based on the information currently available and the preliminary review of the unaudited consolidated management accounts of the Group for the three months ended 31 March 2021 it is anticipated that the Group would record a loss of not more than approximately HKD 6,000,000 as compared to profit of approximately HKD 54,923,000 for the corresponding period in 2020. The anticipated significant decrease in profit was mainly attributable to there was no gain on disposal of a subsidiary for the First Quarter 2021 as compared to a gain on disposal of a subsidiary of approximately HKD 58,770,000 for the corresponding period in 2020.