The board of directors of Merdeka Financial Group Limited informed the shareholders of the Company and potential investors that the Group is expected to record a net loss of approximately HKD 13.3 million for the six months ended 30 June 2022 as compared to the net loss of approximately HKD 9.5 million for the six months ended 30 June 2021. The increase in net loss was mainly attributable to (i) the absence of waiver of other payables of approximately of HKD 0.7 million; (ii) the absence of reversal of impairment loss on finance lease receivables of approximately of HKD 1.0 million; (iii) the increase in imputed interest on convertible bonds of approximately HKD 0.9 million from HKD 5.6 million in 2021 second quarter to HKD 6.5 million in 2022 second quarter; and (iv) a slightly decrease in gross profit of approximately HKD 0.7 million due to weak business environment caused by the outbreak of novel coronavirus (COVID-19) that the value and volume of transactions in financial services business segments was slightly reduced.