The Sincere Company, Limited provided consolidated earnings guidance for the first half of 2022. For the first half, the company expects to record a net loss attributable to the Shareholders ranging from HKD 37.0 million to HKD 42.0 million as compared with the net loss attributable to the Shareholders of approximately HKD 60.6 million for the first half of 2021. The reduction in loss was mainly attributable to (i) decrease in legal and professional fee of approximately HKD 5.8 million (1H 2022: approximately HKD 3.2 million; first half of 2021: approximately HKD 9.0 million); (ii) decrease in other operating expenses in first half of 2022 as the amount in first half of 2021 included an one-off loss on termination of lease of approximately HKD 2.9 million (first half of 2022: Nil); (iii) impairment loss on right-of-use assets of approximately HKD 2.3 million was recognised for first half of 2021 (first half of 2022: Nil); (iv) the recognition of government subsidies under the Hong Kong government employment support scheme of approximately HKD 2.6 million in first half of 2022 (first half of 2021: Nil); and (v) other income of approximately HKD 7.9 million in first half of 2022 (first half of 2021: Nil) was recognised as imputed interest income calculated based on the discounted present value of the net proceeds of approximately HKD 260.4 million expected to be received from Win Dynamic Limited pursuant to the deed of gift executed by it in favour of the Company on 29 October 2020.