The board of directors (Directors') of the Southwest Securities International Securities Limited informed the shareholders of the Company (Shareholders') and potential investors that based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2022 (Year 2022') and the information currently available to the Group, the Group expects to record a consolidated net loss of approximately HKD 241.1 million for Year 2022, as compared to the consolidated net loss of approximately HKD 59.0 million for the year ended 31 December 2021 (Year 2021).