Well Link Securities Holdings Limited provided earning guidance for year ended 31 December 2023. The board of directors informed the shareholders of the Company ("Shareholders") and potential investors of the Company
that, based on the preliminary assessment of the latest unaudited consolidated management accounts of the Group for the year ended 31 December 2023 (the "Year") and the information currently available, the Company expects to record: an increase in revenue from HKD 7.0 million for the year ended 31 December 2022 ("Prior Year") to approximately HKD 24.1 million for the Year; and Turnaround from net loss of HKD 12.7 million in the Prior Year to net profit of approximately not less than HKD 5.0 million for the Year. Such was mainly contributed by the increase in revenue from higher trading volume through the leverage of an introducer broker model with another securities firm in Hong Kong to provide margin financing to clients, the increase in placing and introducing fees, and the increase in advisory fees. The profit turnaround was also achieved from strict cost control measures.