United Energy Group Limited provided earnings guidance for the year ended 31 December 2023. the Group is expected to record net loss attributable to owners of the Company in the range of approximately HKD 1,500 million to HKD 1,800 million for the year ended 31 December 2023, as compared to the audited net profit of approximately HKD 2,601 million for the year ended 31 December 2022, primarily due to a one-off oil and gas reserve impairment and a one-off exploration dry well write-off in an aggregate amount of approximately HKD 4,400 million.