Based on the preliminary review on the unaudited management accounts of the Group and information currently available to the board of directors of Energy International Investments Holdings Limited, the Board informed the shareholders (the "Shareholders") and potential investors of the Company that the Group expects to record a more than 100% increase in profit for the year ended 31 March 2023 as compared to the profit for the year ended 31 March 2022 of approximately HKD 42 million, although the revenue of the Group is expected to decrease by not less than 20%. The increase in profit for the year was mainly attributable to a net gain on the derecognition of financial assets and liabilities arising from the rescission of an acquisition by way of settlement (as referred to the Company's announcement dated 24 June 2022) of approximately HKD 55 million, which was already reflected in the Company 's interim results for the six months ended 30 September 2022 as published on 28 November 2022. The decrease in revenue for the year was due to the decrease in revenue from the trading of oil and liquefied chemical products during the second half of fiscal year 2023 (i.e. the six months ended 31 March 2023) as compared to the second half of fiscal year 2022 (i.e. the six months ended 31 March 2022).

Shareholders should note that the above expected increase in profit for FY2023 may be subject to further adjustments, including those which may arise from the impairment assessment and/or independent valuation to be performed on assets and liabilities, such as: (i) investment properties; (ii) preferred shares; and (iii) expected credit loss on trade and bills receivables, prepayments, deposits paid and other receivables, all of which have yet to be finalised and cannot be quantified for the time being.