The board of directors of IntelliCentrics Global Holdings Ltd. informed the shareholders of the Company and potential investors that, based on a preliminary assessment of the latest unaudited consolidated financial statements of the Group for the six (6) months ended December 31, 2021 and other information currently available to the Company, the Company has experienced increased revenue, gross profit, and earnings before interest, taxes, depreciation and amortisation for the six (6) months ended December 31, 2021 compared to the same period ended December 31, 2020. The Company also saw a 7% increase in the total number of subscribers during the six (6) months ended December 31, 2021. However, mainly due to the Unauthorised Disbursements as defined in the Previous Announcements and related legal and other expenses in connection with retrieval of the same, the consolidated financial results of the Group for the six (6) months ended December 31, 2021 are expected to record a net loss of approximately USD 9.1 million compared to a net loss of USD 1.4 million for the six (6) months ended December 31, 2020. As disclosed to the market in the Previous Announcements, the Group fell victim to a social engineering crime which targeted the Group's e-mail system, as a result of which USD 7.0 million in funds was disbursed to bank accounts unassociated with the Group. Since the Unauthorised Disbursements, the Company has been proactively coordinating with law enforcement authorities and working with counsels in the relevant jurisdictions to seek recovery of the Unauthorised Disbursements. As a result of the efforts, the Company has retrieved USD 1,087,969.04 of the Unauthorised Disbursements. Despite the continuing efforts, for the sake of prudence, the Company has decided to write off the remaining, unretrieved amounts of the Unauthorised Disbursements, together with the retrieval expenses, as non-operating expense in the 2022 Interim Results. Excluding such non- operating expenses, the 2022 Interim Results are expected to record a net loss of approximately USD 2.8 million, which is mainly attributable to the depreciation and amortisation in the capitalized technology of the Company.