Sing Lee Software (Group) Limited provided group earnings guidance for the year ended 31 December 2022. The company announced that, based on the preliminary assessment of the group's unaudited management accounts for the year ended 31 December 2022 and information currently available to the Board, the Group expects to record a net loss of approximately RMB 18,381,000 for the year ended 31 December 2022 as compared to a net loss of approximately RMB 13,768,000 for the year ended 31 December 2021, representing an approximately 34% increase. The increase in loss was mainly attributable to the recognition of share-based payment expenses amounted to approximately RMB 5,855,000 during the year ended 31 December 2022 which was absent during the year ended 31 December 2021.

Despite the unaudited results of the Group for the year ended 31 December 2022 is expected to record a loss, the Board considers that the Group's overall financial positions are healthy and the Board remains positive on the prospects of the Group.