China Oil And Gas Group Limited provided group earnings guidance for the year ended 31 December 2020. Based on the preliminary review on the unaudited management accounts of the Group for the year ended 31 December 2020 and information currently available to the Board, it is expected that the Group will record a significant decrease in profit attributable to owners of the Company of not less than 80% as compared to the last corresponding period in 2019. The Group will record a profit attributable to owners of the Company of approximately HKD 600,000,000 for the year ended 31 December 2020 by excluding the impairment on oil and gas assets in Canada and other one-off profit or loss adjustments (subject to the finalisation of the valuation report by the valuer).