Max Sight Group Holdings Limited provided earnings guidance for the fiscal year ending December 31, 2021. For the period, the company expects to record net loss after tax of not less than approximately HKD 7.0 million as compared to the net loss after tax of approximately HKD 4.5 million for the year ended 31 December 2020. The reasons in relation to such deterioration in financial performance for the year ended 31 December 2021 were mainly attributed to the decrease in other income by approximately HKD 4.6 million principally due to the decrease in the COVID-19 related rental concession received from the property owners; and the increase in
administrative expenses by approximately HKD 2.3 million mainly due to the increase in staff cost and decrease in funding support received from the Employment Support Scheme under the Anti-epidemic Fund, which is partially offset by the improvement on gross profit by approximately HKD 3.5 million mainly due to the decrease in depreciation on right-of-use assets for the year ended 31 December 2021.