The board of directors ("Directors") of Southwest Securities International Securities Limited (the "Board") informed the shareholders of the Company (the "Shareholders") and potential investors that based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2021 (the "Interim Period") and the information currently available to the Group, the Group is expected to record consolidated net profit for the Interim Period as compared to the consolidated net loss recorded for the six months ended 30 June 2020, representing an increase of approximately 104% as compared to the corresponding period of last year. The Directors consider that it is mainly attributable to a significant decrease of approximately HKD 131.9 million in the expected credit loss on accounts receivable arising from the margin financing business for the Interim Period as compared to the corresponding period of last year.