Victory Securities (Holdings) Company Limited provided earning guidance for the three months ended 31 March 2023. The board of directors of the Company wishes to inform the hareholders of the Company (the "Shareholders") and potential investors of the company that based on the preliminary review of the unaudited consolidated management accounts of the Group for the three months ended 31 March 2023 (the``Period''), the Group expects to record a loss for the Period of approximately HKD 0.54 million, as compared to a profit of approximately HKD 2.61 million in the corresponding period last year. The Board considers that the expected loss for the Period is mainly attributable to the decrease in revenue from securities brokerage services and increase in marketing expenses.