Gemilang International Limited provided consolidated earnings guidance for the six months ended April 30, 2021. For the six months, the Group is expected loss attributable to equity owners of the Company of approximately USD 0.1 million is expected for the Reporting Period compared with a modest unaudited consolidated profit attributable to equity owners of the Company of approximately USD 0.3 million for the corresponding period in 2020. The expected decline for the Reporting Period is primarily due to the increase in provision for slow-moving inventories of approximately USD 0.3 million; and the increase in general and administrative expenses of approximately USD 0.4 million mainly due to an increase in short term employee benefits and legal and professional expenses of the Group, which were partially offset by the decrease in net allowance for impairment losses on trade receivables by approximately USD 0.1 million; and the decrease in tax expenses mainly due to recognition of deferred tax assets arising from the provisions for impairment losses on trade receivables and inventories.