NewOcean Energy Holdings Limited announced that the consolidated profit after tax attributable to shareholders of the Company generated from
continuing operations for the year ended December 31, 2013 is expected to increase substantially compared with that for the correspondence year in 2012. The increase is mainly driven by the following: The increase in segment profit from the business segment of sales and distribution of
liquefied petroleum gas (LPG). For the year ended 31 December 2013, despite the decrease in sales to wholesales customers, the Group has increased its LPG sales to industrial customers with higher profit margin and at the same time the average cost outlay of the Group's LPG purchases has lowered through the adoption of effective financial matching arrangements; Since February 2013, the Group has been replacing RMB borrowings with United States Dollars borrowings which resulted a lower finance cost for the year ended December 31, 2013 compared to the corresponding year in 2012.