Precious Dragon Technology Holdings Limited provided group earnings guidance for the year ended 31 December 2021. For the year, the company that, based on the preliminary assessment on the unaudited consolidated management accounts of the Group for the year ended 31 December 2021 (the "Year"), the Group is expected to record a significant decrease in net profit attributable to the Shareholders by not less than 60.0% as compared to the net profit attributable to the Shareholders of approximately HKD 53.2 million for the year ended 31 December 2020. Based on the information available to the Board, the Board considers that such expected decrease in net profit was mainly attributable to, among other things, (i) the decrease in overseas sales due to the global economic slowdown as a result of the prolonged COVID-19 pandemic; (ii) the significant increase in raw material prices, including tinplate containers, solvents and gas; and (iii) the surge in sea freight costs as freighters were docked for longer time under the ongoing COVID-19 pandemic.