Max Sight Group Holdings Limited provided earnings guidance for the three months ended 31 March 2021. The Group is expected to record net loss after tax of not less than approximately HKD 1.6 million as compared to the net loss after tax of approximately HKD 2.5 million for the three months ended 31 March 2020. The reasons in relation to the expected net loss after tax for the three months ended 31 March 2021 were attributed to (i) the reduction in the revenue of the Group from approximately HKD 6.3 million for the three months ended 31 March 2020 to not more than approximately HKD 4.5 million for the three months ended 31 March 2021; and (ii) net-off with certain rental concessions from various property owners. The decline in the revenue was mainly due to the outbreak of the novel coronavirus and the immigration control since early 2020 that have brought the significant decrease in the travel demand, and lead to a further decreased demand of ID photos for the three months ended 31 March 2021.