Renco Holdings Group Limited provided group earnings guidance for the six months ended 30 June 2021. The company announced that based on the information currently available to the Group and a preliminary assessment of the unaudited condensed consolidated financial statements of the Group for the six months ended 30 June 2021, the group is expected to record a decrease of 40% in its consolidated loss for the six months ended 30 June 2021 to approximately HKD 215 million as compared with the loss of approximately HKD 353 million for the prior six months ended 30 June 2020. The board considers that the aforesaid expected losses were mainly due to (i) the substantial provision for losses on several overdue repayment of the financial assistances provided by the Group (‘Overdue Financial Assistances’) and additional provision for losses on certain overdue receivables under the litigation proceedings on Overdue Financial Assistances; (ii) the impairment losses arisen as the result of the decrease in the market value of the treasury investments segment and financial services segment caused by the current worldwide capital market fluctuations and the adverse impacts of the outbreak of Coronavirus Disease 2019; and (iii) the fair value losses arising from the adverse market price movements in the listed securities held by the Group at the fair value through its profit and loss.