New Times Energy Corporation Limited announced that following and solely for the reason of the provision for the full impairment loss of the T&M E&E Assets, the loss on impairment of assets would be approximately HKD 2,240 million per the unaudited consolidated management accounts of the Company for the year ended
31 December 2019, and, correspondingly, the loss of the Group is expected to increase by approximately HKD 2,240 million, whilst the loss attributable to the Shareholders is expected to increase by approximately HKD 2,240 million.