Xinhua News Media Holdings Limited provided unaudited consolidated earnings guidance for year ended March 31, 2021. For the period, it is expected that the Group may record a net profit after tax of approximately HKD 22,000,000 for the year ended 31 March 2021, as compared to a net loss of HKD 50,704,000 for last financial year. Such turnaround from loss to profit is mainly attributable to the receipt of subsidies under the Employment Support Scheme under the Anti-epidemic Fund launched by the Hong Kong SAR Government of approximately HKD 48,760,000 in total; decrease in staff costs of approximately HKD 62,500,000 and other operating expenses of approximately HKD 26,300,000; and a decrease in impairment losses on intangible assets and investment property through profit or loss of approximately HKD 34,800,000.