QUAM PLUS INTERNATIONAL FINANCIAL LIMITED China Tonghai International Financial Limited provided earnings guidance for the year ended December 31, 2021. For the year, the Group anticipates the consolidated loss before tax will be between HKD 2,101 million and HKD 2,274 million (2020: HKD 113 million profit). The main reason for such loss was due to connected parties' impairment provision and fair value changes of investments in connected party's bonds.
If excluded these effects from connected parties, the Group's profit before tax in 2021 would be between HKD 71 million and HKD 138 million (2020: HKD 253 million).
