Infinity Development Holdings Company Limited provided unaudited consolidated earnings guidance for the six months ended March 31, 2021. For the six months, the company expected the consolidated profit attributable to equity owners of the Company is expected to be not less than HKD 28,500,000 for the Current Period, representing an increase of not less than 53% as compared to the consolidated profit attributable to equity owners of the Company of approximately HKD 18,546,000 for the six months ended 31 March 2020 (the "Corresponding Period"). The expected financial improvement in the Group's results for the Current Period was mainly due to (i) the decrease in expected credit loss allowances for trade, bills and other receivables according to the requirement of the Hong Kong Financial Reporting Standard 9 "Financial Instruments" by approximately HKD 8,000,000 based on the management's preliminary assessment (which is subject to the final valuation by an independent professional valuer); and (ii) that the Group did not expect to incur a loss on the fair value of the investment properties for the Current Period, as compared to a loss on the fair value of investment properties of approximately HKD 5,100,000 recorded for the Corresponding Period.