Thelloy Development Group Limited provided earnings guidance for the six months ended 30 September 2021. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on a preliminary review of the unaudited financial information of the Group for the six months ended 30 September 2021, the Group is expected to record a net loss of not more than HKD 8.0 million for the Period compared with the net profit of approximately HKD 9.0 million for the six month ended 30 September 2020. The turnaround in the results for the Period was mainly attributable to (i) the recognition of a one-off gain resulting from the settlement of an arbitration proceeding against a customer and reversal of impairment losses on trade and other receivables and contract assets in the Previous Period which did not recur for the Period; (ii) a decrease in other income as a result of absence of subsidies of the Employment Support Scheme under the Anti-epidemic Fund, set up by the Hong Kong Government; and (iii) an increase in administrative expenses mainly due to the increase in staff costs and research and development costs.