The board of directors of the China Fortune Financial Group Limited announced that based on its preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2022 and the information currently available to the Board, despite the decrease in staff costs, finance costs and other operating expenses, it is expected to record an increase in the consolidated loss of not more than HKD 80.0 million for the Relevant Year as compared with the consolidated loss of approximately HKD 13.5 million for the year ended 31 March 2021. The increase in consolidated loss for the Relevant Year is mainly due to (i) decrease in the revenue; (ii) net investment losses from investment in financial assets; (iii) expected credit losses on loan and trade receivables; and (iv) impairment loss.