Gelonghui (08417.HK) announced that for the six months ended September 30, 2022, the group's income was about HK $8.4 million, down about 4.0% from the same period last year. All income comes from overseas study consultant service. The decrease was mainly due to the depreciation of the exchange rate of foreign currencies against the Hong Kong dollar for the six months ended 30 September 2022, while the company's earnings were mainly denominated in foreign currencies of the region where the group customers were located.

Group inSix months ended September 30, 2022A net loss of approximately HK $8 million was recorded, compared with a net loss of approximately HK $2 million for the six months ended 30 September 2021. The increase in net loss was mainly due to (I) the increase in net exchange loss from approximately HK $1.1 million for the six months ended 30 September 2021 to approximately HK $4.4 million for the six months ended 30 September 2022 as discussed above; and (ii) the increase in the fair value loss of financial assets at fair value to approximately HK $2.6 million for the six months ended 30 September 2022 from approximately HK $300000 for the six months ended 30 September 2021.