BOCOM International Holdings Company Limited provided consolidated earnings guidance for the six months ended 30 June 2022. For the period, The company expects to record a consolidated net loss of approximately HKD 1,650 million - HKD 1,750 million for the Reporting Period (consolidated net profit for the corresponding period of last year: HKD 572 million). The Company's investment business was significantly influenced by the poor market performance in the first half of 2022 which was mainly due to tightening of Monetary Policy by the US Federal Reserve and the high volatility of the capital market, leading to (i) the net loss resulted from fair value changes and partial disposal of equity securities and debt investments held by the Company; (ii) guarantee fee payment due to changes in the market value of assets under management in accordance with asset management agreements; (iii) the increase in the impairment provision for the expected credit losses of debt investments and loans.

Other than the aforementioned, the operational conditions of the Group remained stable for the Reporting Period.