The Board of Directors of Ezion Holdings Limited announced a profit guidance for the unaudited consolidated financial statements for the fourth quarter and full year ended 31 December 2015, following a preliminary review of the draft unaudited management results to-date. The continued depressed fossil fuel prices have prompted the Group's clients to further tighten their expenditure even in the areas of operating expenditure which are related to extraction and production activities. The group expects the challenging and uncertain market conditions of the global oil and gas industry to be prolonged and has embarked on the redeployment of the group's assets for different usages.

In view of the difficult market conditions over the next 12 months, the group has carried out an assessment on the impairments of its assets based on their intended redeployment. While the value of the impairments are yet to be determined, it is expected that the financial results of the Group for fourth quarter 2015 will show a net loss and a significant decline in the net profit for fiscal year 2015.