Nexion Technologies Limited provided consolidated earnings guidance for the year ended 31 December 2022. For the year, the company Group is expected to record significant decrease in loss attributable to equity holders of the Company of approximately USD 1,234,000, as compared to a loss attributable to equity holders of the Company of approximately USD 3,106,000 for the year ended 31 December 2021. Based on the information currently available, the Board considered the significant decrease in loss was mainly attributable to the following reasons: (i) Change of segment results (adjusted earnings before interest, taxes, depreciation and amortisation) of the cyber infrastructure solutions segment from loss of approximately USD 80,000 for the Prior Year to profit of approximately USD 36,000 for the Year, which was mainly due to cost control of the Group; (ii) Change of segment results (Adjusted EBITDA) of the cyber security solutions segment from loss of approximately USD 689,000 for the Prior Year to profit of approximately USD 17,000 for the Year, which was mainly due to the increase in revenue to approximately USD 2,551,000 during the Year (Prior Year: approximately USD 1,363,000), the decrease in employee benefits expenses arisen in profit guarantee (the "Profit Guarantee") from acquisition of WerkDone Pte.

Ltd. (previously known as Storm Front Pte. Ltd.) to approximately USD 36,000 (Prior Year: approximately USD 173,000), the decrease in share-based payments in respect of the Profit Guarantee to approximately USD 312,000 (Prior Year: approximately USD 704,000), and increase in reversal of share-based payments in respect of the Profit Guarantee to approximately USD 376,000 (Prior Year: Nil) for the Year, respectively; (iii) Change of segment results (Adjusted EBITDA) of the Software-as-a-Service segment from loss of approximately USD 328,000 for the Prior Year to profit of approximately USD 152,000 for the Year, which was mainly due to the decrease in advertisement fee incurred for the developed SaaS business and the decrease in impairment loss on other receivable to nil (Prior Year: approximately USD 208,000); and (iv) Decrease in unallocated general and administrative expenses from approximately USD 886,000 for the Prior Year to approximately USD 636,000 for the Year due to cost control by the Group.