Sinofortune Financial Holdings Limited provided earnings guidance for the year ended December 31, 2023. Based on the information currently available to the Board, the Group is expected to record a loss of approximately HKD 15.7 million for the year ended 31 December 2023 (the "Reporting Period") as compared to the loss of approximately HKD 30.7 million as recorded in the corresponding period in 2022. The reasons for the loss in the Reporting Period are mainly attributable to (i) the decrease in revenue and (ii) the increase in the finance costs in various business segments.

The reduction in loss this year (when compared with the corresponding period in 2022) is mainly due to the Company recorded gain on disposal of financial assets.