Global Sweeteners Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 April 2024. For the period, the company expects record a net gain (excluding tax effect) in the range of approximately HKD 130.0 million to HKD 170.0 million (the "Expected Net Gain") for the six months ending 30 June 2024 (the "Period") as compared with the net loss (excluding tax effect) of approximately HKD 103.4 million recorded for the period ended 30 June 2023, for the Group's continuing and discontinued operations. Such improvement is primarily attributable to the Group's recognition of a one-off gain of not less than approximately HKD 130.0 million upon the completion of the debt restructuring agreement (the "Debt Restructuring Agreement") entered into between (i) (Jilin Branch of China Cinda Asset Management Co.

Ltd.*) ("Jilin Cinda"), as creditor, (ii) (Jinzhou Yuancheng Bio-chem Technology Co. Ltd.*), as debtor, and (iii) (Shanghai Haocheng Food Development Co Ltd.*), as guarantor, both of which are indirect wholly-owned subsidiaries of the Company. Pursuant to the Debt Restructuring Agreement, the Group had settled the entire loan amount of approximately RMB189.0 million, together with outstanding interest by the repayment of a discounted sum of approximately RMB88.0 million to Jilin Cinda during the Period.

For further details of the Debt Restructuring Agreement, please refer to the announcement of the Company dated 4 January 2024.