The board of directors of the Zijing International Financial Holdings Limited announced that, based on a preliminary review of the unaudited consolidated management accounts of the Group and the information currently available, the Group expects to record a loss attributable to owners of the Company of not less than HKD 2.8 million for the nine months ended 30 September 2022, whereas the Group recorded a profit attributable to owners of the Company of approximately HKD 4.6 million for the nine months ended 30 September 2021. The expected loss is attributed to the significant increase in operating expenses which was mainly due to (i) one-off set up costs for the new representative office in Singapore; (ii) increase in the depreciation of right-of-use assets as the result of two new office premises were leased by the Group in Hong Kong and Singapore respectively; and (iii) increase in directors' remuneration and staff costs, including the staff of the new Singapore representative office.