Great Wall Belt & Road Holdings Limited announced that the Group expects to report for the year ended 31 December 2020 consolidated net profits attributable to shareholders of the Company of approximately HKD 17 million (for the year ended 31 December 2019 (2019: loss of HKD 219 million), primarily due to: the absence of net realised loss and unrealised loss in listed securities held for trading, impairment losses on intangible assets and other receivables amounting to approximately HKD 179 million, including the realised loss and unrealised loss in respect of the shares of SingAsia Holdings Limited ("SingAsia Shares") of approximately HKD 114 million, recorded in 2019, while an unrealised gain of 8,500,000 SingAsia Shares amounting to approximately HKD 0.2 million was recorded in 2020 and the fair value of 8,500,000 SingAsia Shares was approximately HKD 0.7 million with reference to the closing price of HKD 0.085 per SingAsia Share as at 31 December 2020 (at 31 December 2019: HKD 0.059 per SingAsia Share). the recognition in 2020 other income of approximately HKD 37.2 million arising from the setting off of outstanding balance of consideration of that amount regarding the acquisition of the entire issued share capital of Diamond Frontier Investments Limited against loss suffered by the Group in the six months ended 30 June 2020 and the forfeiture of deposit of RMB 2.5 million paid by the previous purchaser of B&R Investment Holding Limited upon termination of the relevant sale and purchase agreement as disclosed in the Company's announcement dated 20 November 2020.