Zijing International Financial Holdings Limited provided group earnings guidance for the three months ended 31 March 2023. The Group expects to record a loss attributable to owners of the Company of not less than HKD 2.4 million for the three months ended 31 March 2023, whereas the Group recorded a profit attributable to owners of the Company of approximately HKD 0.12 million for the three months ended 31 March 2022. The expected loss is attributed to (a) a decrease in revenue; and (b) an increase in operating expenses which was mainly due to (i) the operating expenses incurred by the
new representative office in Singapore which commenced operation in May 2022; (ii) increase in the depreciation of right-of-use assets as the result of the new office premise were leased by the Group in Singapore respectively; and (iii) increase in directors' remuneration and staff costs, including the staff of the new Singapore representative office.