Sinofortune Financial Holdings Limited provided group earnings guidance for the nine months ended September 30, 2023. For the period, the Group is expected to record a loss of approximately HKD 20.8 million for the nine months ended 30 September 2023 as compared to the loss of approximately HKD16.2 million as recorded in the corresponding period in 2022. The Board noticed that although the Group recorded a revenue of approximately HKD 106.7 million for the Reporting Period, the said revenue has been offset by the expenses like the high overhead costs and finance costs and thus resulting a loss during the Reporting Period. As the Company is still in the process of finalizing its consolidated financial statements for the Reporting
Period, the information contained in this announcement is only based on the preliminary assessment by the Board, with reference to the management accounts and the information currently available which are subject to finalization and adjustments, and has not been reviewed by the audit committee nor the auditors of the Company. Further details of the Group's financial results and performance for the Group's Reporting Period will be disclosed in the results announcement for the Reporting Period in accordance with the requirements of the GEM Listing Rules, which is expected to be published before mid November 2023.