WINS FINANCE(WINSF) - 2023 Q3 - Quarterly Report

Exhibit 99.1 · Direct financing lease interest income was $0.03 million, compared to $0.5 million for the corresponding period ended December 31, 2021. · Medical equipment sales was $1.0 million, compared to nil for the corresponding period ended December 21,2021. In view of the slowdown in the Chinese economy and the impact of COVID-19, lessees' ability to repay their rental expenses was significantly impaired since the beginning of 2020. We have instituted risk controls to mitigate the risks inherent in o ...