Golden Resources Development International Limited announced that, based on the preliminary review of the unaudited consolidated management accounts of the Group, it is expected that the Group may record a net loss of less than HKD 15,000,000 for the six months ended 30 September, 2021, as compared to a net profit after tax of HKD 30,565,000 for the corresponding period in 2020. Based on the information currently available, the Board considers that the loss for the six months ended 30 September, 2021 was mainly attributable to the net effect of (i) decrease in net unrealized gain on financial assets at fair value through profit or loss, with net unrealized gain of approximately HKD 5,000,000 for the six months ended 30 September, 2021 as compared to net unrealized gain of approximately HKD 25,162,000 for the corresponding period in 2020; (ii) impairment loss of approximately HKD 16,000,000 on right-of-use assets and property, plant and equipment of convenience store operation; (iii) adverse impact of COVID-19 pandemic on the Group's core business results and (iv) gain of approximately HKD 24,000,000 on deemed acquisition of subsidiaries, arising from remeasurement of fair value of previously held equity interest in associates and deemed acquisition of additional equity interest, during the six months ended 30 September, 2021.