SY Holdings Group Limited provided group earnings guidance for the year ended December 31, 2021. The board of directors of the company reported to the shareholders of the company and potential investors that, based on information currently available to the Company and the preliminary assessment on the unaudited consolidated management accounts of the Group for the year ended 31 December 2021, the Group is expected to record an increase of approximately 30% in profit for the year ended 31 December 2021 as compared to that for the year ended 31 December 2020. The expected increase was primarily attributable to: The revaluation gain arising from the acquisition of 40% equity interest in Wuxi Guojin Commercial Factoring Limited; and Increase in income from providing platform services.

The increase is mainly contributed by the expansion of the loan facilitation business of the Group which is in line with its technology-enabled platform-driven strategy and meaningful diversification of revenue towards platform origination.