FIT Hon Teng Limited Provides Earnings Guidance for the Year Ended December 31, 2021. For the period, the company and potential investors expects that, based on a preliminary assessment of the unaudited consolidated management accounts of the Group and other information currently available to the Company, the net profit attributable to owners of the Company is anticipated to increase to a range of USD 130 to USD 140 million for FY2021 from USD 43 million for the year ended December 31, 2020. The increase in net profit was mainly attributable to the absence in FY2021 of one time events in FY2020 including the writedown for fair value changes relating to unlisted convertible preferred shares, and income tax expenses relating to profits of prior years which expenses were recognized in year 2020, and a litigation settlement payment receipt in the fourth quarter of 2021 as disclosed in the Company's announcement dated December 17, 2021.