Huobi Technology Holdings Limited provided earnings guidance for the six months ended 31 March 2022. For the six months, the company expects for the six months ended 31 March 2022 within a range of approximately HKD 36 million to HKD 56 million as compared to a net profit of approximately HKD 54.1 million for the six months ended 31 March 2021. The expected turnaround from net profit to net loss is mainly attributable to (1) an increase in administrative expenses attributed to an increase in the staff cost of high calibre personnel and related professional service fees as the Company applied for virtual asset and finance related licenses in major markets around the world, as well as (2) an increase in the expenses for the development of new business of the Company.