Yunfeng Financial Group Limited provided consolidated earnings guidance for the six months ended June 30, 2022. Based on the information currently available to the Company and preliminary assessment of the unaudited consolidated management accounts of the Company for the six months ended 30 June 2022, the Company's principal subsidiary, YF Life Insurance International Limited has maintained a positive growth in total premium income and operating profit for the 2022 Interim Period and has remained in a healthy and stable financial position. However, after the consolidation of other business, the Group is expected to record a net loss attributable to equity shareholders of the Company of approximately HKD 200 million for the 2022 Interim Period (as compared to a net profit attributable to equity shareholders of the Company of HKD 460 million for the corresponding period in 2021).

The net loss attributable to equity shareholders of the Company for the 2022 Interim Period was mainly due to the loss on fair value change of the Group's proprietary investments in the corporate operating segment as a result of adverse market conditions.