China Art Financial Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2022. The Board, the Group is likely to record a significant reduction in net profit for the year ended 31 December 2022 in the range of 50% to 60% as compared to the corresponding period in 2021 which recorded a net profit of approximately RMB 25.3 million (the Profit Warning). The expected reduction in profit is mainly attributable to the decrease in interest revenue from art and asset pawn business and services revenue from art and asset auction business.