Asia Energy Logistics Group Limited expected earnings guidance for the six months ended 30 June 2022. For the year, the company expects a net loss of approximately HKD 35.0 million as compared with the net loss of approximately HKD 20.0 million for the period ended 30 June 2021. Such change is mainly attributable to (i) a substantial increase in crew costs during the crew replacement, (ii) an increase in repair and maintenance of the vessels and (iii) the change in fair value of financial assets at fair value through profit or loss.

The Company is still in the process of finalizing the interim results of the Group for the period ended 30 June 2022. The information contained in this announcement is only based on the preliminary assessment made by the Board and the information currently available with reference to the unaudited consolidated management accounts of the Group for the period ended 30 June 2022 which have neither been confirmed nor audited by the auditor of the Company, and may be subject to adjustments. Shareholders and potential investors are advised to read carefully the Company's interim results announcement for the period, which is expected to be published on 19 August 2022.