Zijing International Financial Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2022. For the year, the Group expects to record a loss attributable to owners of the Company of not less than HKD 7.5 million for the year ended 31 December 2022, whereas the Group recorded a profit attributable to owners of the Company of approximately HKD 5.8 million for the year ended 31 December 2021. The loss is attributed to (a) 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; (b) decrease in revenue and (c) increase in the allowance for expected credit loss on trade receivables.