China Industrial Securities International Financial Group Limited provided earnings guidance for the six months ended 30 June 2023. The Group is expected to record a net profit after tax of between HKD 60 million and HKD 65 million for the relevant period as compared to a net loss after tax of
approximately HKD 198 million for the corresponding period in 2022. The Board considers that the aforesaid turnaround from loss to profit is mainly due to the growth in revenue from the Group's core business of corporate finance, financial products and investments. At the same time, the increasingly enhanced internal management capabilities and prudent risk management has continuously improved the assets quality of the Group and thus effectively reduced the Group's costs.