Green Energy Group Limited provided unaudited consolidated earnings guidance for the year ended 30 June 2023. For the year, the company expects loss attributable to owners of the Company for the year ended 30 June 2023 within the range of approximately HKD 7.0 million to HKD 11.0 million as compared to that for the year ended 30 June 2022 of approximately HKD 27.7 million. The Board considered that the reduction in loss was mainly attributable to (1) the gain of approximately HKD 6.0 million on disposal of subsidiaries
of the Group; (2) cost saving of approximately HKD 3.0 million from discontinued operations achieved through streamlining of the business; (3) reduction of approximately HKD 3.0 million in legal and professional fee through stringent cost control measures.