National United Resources Holdings Limited provided earnings guidance for the year ended December 31, 2022. For the year, the company expects to record a significant increase in profit attributable to the owners of the Company for the twelve months ended 31 December 2022, as compared with profit attributable to the owners of the Company of approximately HKD 54.8 million for the twelve months ended 31 December 2021. The expected significant increase in profit was mainly attributable to the significant gain on debt restructuring of over HKD 300 million, which equals to the aggregate amount of outstanding debt owed by the Company settled under the debt restructuring after haircut from the creditors and finance costs related to such outstanding loan incurred, less (i) the cash settlement paid to the creditors; and (ii) fair value of creditors shares issued by the Company. Details of the debt
restructuring were disclosed in circular of the Company dated 31 December 2021.