DeTai New Energy Group Limited provided earnings guidance for the six months ended 31 December 2021. The board of directors of the Company informed the shareholders of the Company and potential investors that the Group is expected to record a net loss in a range of HKD 70 million to HKD 80 million for the six months ended 31 December 2021 as compared to the net loss of approximately HKD 26 million for the six months ended 31 December 2020. The increase in the net loss was mainly attributable to: (i) the gross loss and written down of inventories on the liquor and wine business of approximately HKD 28 million due to the bulk sales of the inventories of the liquor for more cash inflow; and (ii) a fair value loss of approximately HKD 30 million in respect of the financial assets at fair value through profit or loss.