Greentech Technology International Limited provided consolidated earnings guidance for the year ended December 31, 2022. For the year, the company expects to record a net profit for the year from continuing operations of not less than HKD 200.0 million, as compared to the restated net profit for the year from continuing operations of approximately HKD 419.4 million for the year ended 31 December 2021 (" FY2021"). The consolidated financial information of the Group for FY2021 has been restated to reflect the disposal of Greentech Technology International Development Limited during FY2022, details of which have been set forth in the announcement of the Company dated 2 January 2023.

The Board attributes the decrease in profit for the year from continuing operations principally to the absence of reversal of impairment loss recognised on exploration and evaluation assets of approximately HKD 257.1 million during FY2021.