Sing Lee Software (Group) Limited provided group earnings guidance for the six months ended 30 June 2022. After preliminary review by the Company's management based on the management accounts of the Company, the Directors of the Company wishes to inform the shareholders of the Company and the potential investors that the Group is expected to record a net loss for the six months ended 30 June 2022, as compared with the net loss of approximately RMB 13,846,000 reported in the previous financial period, will increase significantly by more than 117%. The significant increase in loss was mainly attributable to (i) decreased in revenue, (ii) increase in staff costs and (iii) the gain on disposal of a subsidiary during the six months ended 30 June 2021 which was absent during the six months ended 30 June 2022.

Despite the unaudited results of the Group for the six months ended 30 June 2022 is expected to record a loss, the Board considers that the Group's overall financial positions are healthy and the Board remains positive on the prospects of the Group. The Board would like to emphasize that the Group's financial positions remain stable and has sufficient cash resources to meet its present and future cash flow requirements. The Board will constantly keep reviewing the Group's strategies and operations with a view to improve its business performance and Company's shareholders' return.