Greentech Technology International Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2023. for the year, the Group is expected to record a profit attributable to owners of the Company for the period of not more than HKD 70 million, as compared to a profit attributable to owners of the Company of approximately HKD 217 million for the year ended 31 December 2022. The Board attributes the decrease in profit for FY2023 principally due to the combination effect of the following factors: (i) a decrease in average tin price during FY2023; and (ii) an increase in administrative expenses and other expenses.

The Company is still in the process of preparing and finalising the consolidated annual results of the Group for FY2023. The information contained in this announcement is only based on the preliminary assessment by the Board with reference to the unaudited consolidated management accounts of the Group for FY2023 and the information currently available to the Board. Such information has not been audited or reviewed by the independent auditors of the Company and may be subject to change.

Details of the consolidated annual results of the Group for FY2023 are expected to be announced by the end of March 2024.