Golden Century International Holdings Group Limited provided group earnings guidance for the year ended 31 December 2022. The Group expects to record a loss after taxation of not less than approximately HKD 156 million for the Year 2022. Such increase in loss was mainly attributable to the recognition of an impairment loss on production sharing contract of approximately HKD 32 million and an one-off property, plant and equipment written-off of approximately HKD 38 million for the Year 2022, which was mainly the results of the release of obligations and liabilities of Canada Can-Elite Energy Limited, an indirect wholly-owned subsidiary of the Company, in Area B, being part of the total exploration under the PSC that has been executed by the Group and China United Coalbed Methane Corporation Limited on 3 January 2023 and the recognition of an impairment loss on property, plant and equipment of approximately HKD 19 million due to no recoverable amount was valued on the meltblown fabrics production lines currently owned by the Group.