Wan Leader International Limited provided earning guidance for the nine months ended 31 December 2022. The board of directors of the Company informed the shareholders (the "Shareholders") of the Company and potential investors of the Company that, based on the preliminary assessment of the Group's unaudited consolidated management accounts for the nine months ended 31 December 2022 (the "Period") and information currently available to the Board, the Group is expected to record a net loss before taxation not exceeding HKD 19.0 million for the Period (as compared to a profit before taxation of approximately HKD 19.3 million for the respective period in 2021
(the "Previous Period")). The increase in loss was mainly attributable to the effects of (i) a decrease in turnover due to the continuous impact brought by the COVID-19 pandemic, the customs clearance process between mainland China and Hong Kong freight has been hindered, and drops in demand for cargo spaces because of the worldwide economic downturn; (ii) the unit costs of air and sea cargo spaces remained at a high level; and (iii) an increase in storage costs when compared with the Previous Period.