Directel Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2021. The Board informed the shareholders of the Company and potential investors that it is anticipated that the Group would record a loss of not less than HKD 12 million for the Current Period as compared with the loss of approximately HKD 668,000 for the year ended 31 December 2020. The anticipated substantial increase in loss was primarily attributable to (i) the non-occurrence of the gain on extinguishment of contingent consideration payables of approximately HKD 35,210,000 pursuant to the second supplemental agreement dated 24 December 2020 for the sale and purchase of the entire issued share capital of Joint Top Investments Limited for the year ended 31 December 2020; and (ii) which was partially offset by a significant decrease in impairment losses on trade receivables and goodwill.