Arta TechFin Corporation Limited provided unaudited consolidated group earnings guidance for the first five months of the second half of financial year 2022-2023 (2H FY2023), that is 1 October 2022 to 28 February 2023. For the period, the group expects revenue per month has been lower on average compared with the first half of financial year 2022-2023 (1H FY2023), that is 1 April 2022 to 30 September 2022. The management of the Company attributes this performance to the following: The investment advisory agreement dated 28 June 2021 between Arta Asset Management Limited and Avantua Investment Holdings Limited, a continuing connected transaction for the Company, expired on 30 September 2022, and this resulted in a reduction in the investment advisory income for the Company since 1 October 2022.

Further, the operating environments for the Group's three main business lines of global markets, asset management and insurance brokerage remain challenging in the months since 1 October 2022: the volumes of primary and secondary equity market activities in Hong Kong, for October 2022 to February 2023 were lower than those during the corresponding period 12 months prior thereto; rising interest rates have adversely impacted asset managers in terms of negative performance and capital outflows (with very limited exceptions); and the reopening of the border between Hong Kong and Mainland China in January 2023 has seen a slower recovery in the number of visitors from Mainland China than expected, and an even slower recovery in the volume of insurance policies with savings element than expected. As a result, the management of the Company expects that there will be a consolidated loss before tax for 2H FY2023, although it is not expected to be materially higher than that for 1H FY2023.