The board of directors of Southwest Securities International Securities Limited announced that based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2022 and the information currently available to the Group, the Group expects to record a consolidated net loss of approximately HKD 201,619,000 for the 2022 Interim Period, representing a decrease of approximately HKD 206,879,000 or approximately 3,933% in consolidated net profit as compared to the consolidated net profit of approximately HKD 5,260,000 for the six months ended 30 June 2021. The Board believes that the change in the expected consolidated net loss for the 2022 Interim Period as compared with the consolidated net profit for the same period last year is mainly attributable to (i) the Group expects to record a net investment loss of approximately HKD 115,121,000 of the proprietary trading business for the 2022 Interim Period, representing a decrease of approximately HKD 232,007,000 or approximately 198% in net investment gain as compared to the net investment gain of approximately HKD 116,886,000 for the same period last year; (ii) the Group expects to record finance costs of approximately HKD 37,602,000 for the 2022 Interim Period, representing a decrease of approximately HKD 17,678,000 or approximately 32% as compared to the same period last year; and (iii) the Group expects to record staff costs of approximately HKD 23,741,000 for the 2022 Interim Period, representing a decrease of approximately HKD 17,149,000 or approximately 42% as compared to the same period last year.