Sinofortune Financial Holdings Limited provided group earnings guidance for the nine months ended September 30, 2022. For the period, the Group is expected to record a loss of approximately HKD 16.2 million as compared to the loss of approximately HKD 17.3 million as recorded in the corresponding period in 2021. The reason for the loss in the Reporting Period which was mainly due to the dropping of the selling price of the motor vehicles sold by the Group during the Reporting Period.

The business under the segment of sales of motor vehicles in the PRC during the Reporting Period was still hindered from the widespread preventive and control measures against COVID-19 in the PRC. The Board still remains optimistic to the business performance under the segment of sales of motor vehicles and takes the view that the business performance under this segment will be improved steadily in the last quarter of 2022 following the easing of the curbs and the lift of the restrictions for the pandemic.