The board of directors of HBM Holdings Limited informed the shareholders of the Company and potential investors that, based on the preliminary review of the Group's unaudited consolidated management accounts for the year ended 31 December 2023, it is expected that there will be a profit of approximately USD 18 million for the year ended 31 December 2023, as compared to a loss of approximately USD 137 million for the year ended 31 December 2022.