Core Viewpoint - The new energy perspective aligns with the characteristics of Chinese-style modernization, emphasizing resource efficiency, self-control, cost management, market leadership, ecological priority, and open cooperation [1][3]. Group 1: Political Guarantee - The leadership of the Party is essential for the political guarantee of the new energy perspective, which has led to significant achievements in energy production and consumption since the founding of New China [2]. - China's energy self-sufficiency rate has reached over 80%, with the installed capacity of hydropower, wind power, and solar power ranking first globally [2]. Group 2: Top-Level Design - The new energy perspective must meet the energy demands of a large population, ensure common prosperity, balance material and spiritual civilization, promote harmony between humans and nature, and support peaceful development [3]. Group 3: Essential Requirements - High-quality energy development requires a comprehensive implementation of the new development philosophy [4]. Group 4: New Driving Forces - Innovation is identified as the new driving force for energy development, necessitating technological advancements and policy design to enhance energy productivity [5]. - Coordination is crucial throughout the energy planning and operation processes, optimizing the relationship between various energy sources and markets [5]. Group 5: Path Guidance - The "Four Revolutions and One Cooperation" energy security strategy serves as a methodological guide for advancing energy reform and development [6]. - The strategy emphasizes energy consumption, supply, technology, governance, and cooperation [6]. Group 6: Reform and Opening Up - Since the 18th National Congress, China has deepened energy system reforms, establishing a unified and competitive modern energy market [7]. - The integration of the energy sector with the digital economy is prioritized to enhance efficiency and sustainability [7]. Group 7: Development and Security - The principle of coordinating development and security is emphasized, recognizing the interdependence of energy security and economic development [9]. - A resilient energy industry is necessary to address various risks and enhance the overall security of the energy system [9]. Group 8: Six Musts - The "Six Musts" include prioritizing people, self-reliance, innovation, problem orientation, systemic thinking, and global perspective, which are essential for guiding energy development [10][11].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported a revenue of HKD 10,896.7 million, a decrease of 58.4% compared to HKD 26,150.2 million in 2023[11]. - The adjusted EBITDA for the same period was a loss of HKD 17.4 million, compared to a profit of HKD 167.0 million in the previous year[11]. - The net loss attributable to shareholders for the year was HKD 87.4 million, compared to a loss of HKD 150.5 million in 2023, indicating an improvement in performance[11]. - The company's revenue for the year ended December 31, 2024, was HKD 10,896.7 million, a decrease of 58.3% compared to HKD 26,150.2 million in 2023[29]. - The adjusted EBITDA for 2024 was negative HKD 17.4 million, down from positive HKD 167.0 million in 2023, resulting in an adjusted EBITDA margin of (0.2)%[29][34]. - The gross loss for the year was HKD 131.8 million, an improvement of 3.7% compared to a gross loss of HKD 136.9 million in 2023[29][33]. - The group recorded a gross loss of HKD 131.8 million for the year, compared to a loss of HKD 136.9 million in 2023, mainly due to low Canadian natural gas prices[68]. - The group confirmed a non-cash accounting impairment reversal of HKD 76.0 million for its Canadian oil and gas assets during the year[67]. Liquidity and Financial Position - The company maintained a strong liquidity position with liquid assets totaling HKD 517.7 million and no external borrowings as of December 31, 2024[16]. - As of December 31, 2024, the group’s current assets net value is HKD 554.7 million, down from HKD 775.5 million in 2023, while cash and bank balances decreased to HKD 486.7 million from HKD 796.6 million[74]. - The total equity of the group as of December 31, 2024, is HKD 1,062.4 million, compared to HKD 1,192.4 million in 2023, with a net asset value per share of HKD 0.12[74]. - The debt ratio improved to 25.6% from 29.9% in the previous year, reflecting a stronger balance sheet[11]. - The group has no unsecured debt securities or unsecured short-term loans as of December 31, 2024, maintaining an asset-liability ratio of 0%[76]. Production and Operations - Daily production in Canada averaged 7,700 barrels of oil equivalent, primarily from natural gas, despite disruptions caused by wildfires[19]. - The company's average daily production for the year was 7,700 barrels of oil equivalent, a decrease of 30.6% compared to 2023, primarily due to wildfires and production cuts in response to low natural gas prices[42]. - The energy business recorded a revenue decrease of 49.4% year-on-year, primarily due to the closure of the Fort Nelson Gas Plant and significant production declines in Argentina[33]. - The realized natural gas price for the year decreased by 38% compared to 2023, resulting in a revenue decline of 49.3% to HKD 241.3 million[44]. - The production from the X-2001 well has seen a dramatic decline of 88%, dropping from 1,200 barrels of oil equivalent per day to only 150 barrels[54]. Strategic Initiatives and Business Focus - The company is transitioning its focus from traditional oil and gas operations to precious metals trading and refining, as part of its brand evolution[14]. - The company has expanded its strategic position in the Wapiti area by acquiring additional mining rights in Alberta's West Gold Creek[19]. - The company plans to fully withdraw from Argentina by the end of 2025, despite having the highest producing conventional oil well in the country in 2023[20]. - The new precious metals refining facility is expected to start commercial operations in early 2024, with a capacity to refine 50 tons of gold annually at 99.9% purity[22]. - The company anticipates that its new office in Dubai will accelerate growth in its precious metals trading and refining business, further expanding its global footprint[24]. Environmental and Sustainability Efforts - The company is actively seeking opportunities to collaborate with local authorities and regulators to achieve net-zero emissions goals as part of its commitment to ESG initiatives[36]. - The company is committed to transforming the 1,200-acre Discovery Park into a green ecosystem center, focusing on hydrogen/green ammonia production, renewable natural gas/biomass production, and vertical farming[175][181]. - The company aims for zero workplace injuries and accidents by continuously improving health and safety management standards[175]. - The company is committed to adhering to corporate social responsibility while focusing on health and safety, environmental protection, and community engagement[177]. - The company has implemented a policy for sustainable water resource management and aims to identify feasible water-saving measures in the next three years[196]. Governance and Management - The appointment of a new independent non-executive director with over 20 years of experience in the jewelry manufacturing and wholesale industry aims to enhance board diversity and governance[14]. - The board aims to continue developing and growing the business to enhance long-term shareholder value[167]. - The board is committed to maintaining high standards of corporate governance, with detailed measures outlined in the annual report[164]. - The company has changed its auditor from PwC to Ernst & Young for the fiscal year ending December 31, 2024[166]. - The company has not been involved in any significant litigation or arbitration during the year[108]. Shareholder Information - The company did not declare any interim dividends for the year, similar to the previous year, and the board has recommended not to declare any final dividends for this year[109]. - The company has no retained earnings available for cash or in-kind distribution as of December 31, 2024, with paid-in surplus of HKD 4,871.0 million available for distribution in the form of bonus shares[135]. - The top five customers accounted for 73% of the total revenue for the year, with the largest customer contributing approximately 22%[136]. - The top five suppliers represented about 55% of total procurement, with the largest supplier accounting for approximately 18% of total procurement for continuing operations[136]. - As of December 31, 2024, major shareholders hold significant stakes, with Wanxin Enterprises Limited owning 5,737,129,098 shares, representing 65.63% of the issued share capital[155].

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 10,896.7 million, a decrease of 58.3% compared to HKD 26,150.2 million in 2023[2] - Adjusted EBITDA for the year was HKD (17.4) million, down from HKD 167.0 million in the previous year[2] - The company reported a loss before tax of HKD (86.2) million, an improvement from a loss of HKD (159.6) million in 2023[4] - Basic loss per share for the year was HKD (1.00), compared to HKD (1.72) in the previous year[4] - The company reported a total comprehensive loss of HKD (133.4) million for the year, compared to HKD (148.7) million in 2023[5] - The group reported a net loss of HKD 87.4 million for the fiscal year 2024, an improvement of 41.9% compared to a loss of HKD 150.5 million in 2023[51] - The group reported a gross loss of HKD 131.8 million for the year, slightly improved from HKD 136.9 million in 2023, mainly due to low Canadian gas prices[90] Revenue and Sales - For the fiscal year ending December 31, 2024, the total revenue from external customers was HKD 10,896.7 million, a decrease of 58.3% compared to HKD 26,150.2 million in 2023[21] - Revenue from precious metals refining and sales in the ordinary and commodity refining and trading segment dropped to HKD 10,627.0 million in 2024 from HKD 25,616.9 million in 2023, a decrease of about 58.6%[24] - The upstream oil and gas product sales contributed HKD 269.7 million to total revenue, down from HKD 533.3 million in 2023, attributed to low Canadian gas prices and early production shutdowns due to wildfires[89] - The energy business saw a revenue decrease of 49.4% due to the closure of the Fort Nelson gas plant and significant production declines in Argentina[53] - The precious metals trading and refining business experienced a revenue drop of 58.5% due to record high commodity prices, which weakened retail demand and regional trade volumes[53] Assets and Liabilities - Total assets decreased to HKD 1,427.1 million from HKD 1,700.7 million in 2023[7] - The total assets for the reporting segments decreased to HKD 834.8 million in 2024 from HKD 1,245.0 million in 2023, reflecting a decline of 32.9%[18] - The total liabilities for the reporting segments decreased to HKD 280.9 million in 2024 from HKD 431.4 million in 2023, a reduction of 34.8%[18] - Non-current liabilities decreased to HKD 158.6 million from HKD 255.5 million in 2023[8] - The company’s equity attributable to shareholders decreased to HKD 1,062.4 million from HKD 1,192.4 million in the previous year[8] Cash Flow and Financial Position - Cash and bank balances decreased to HKD 486.7 million from HKD 796.6 million in the previous year[7] - The group has a net working capital of HKD 202.0 million as of December 31, 2024, an increase from HKD 134.3 million in 2023, primarily due to year-end inventory purchases[91] - As of December 31, 2024, the group's net current assets amounted to HKD 554.7 million, a decrease of 28.5% from HKD 775.5 million in 2023[94] - The debt ratio, calculated as total liabilities divided by total assets, improved to 25.6% from 29.9% in 2023[94] - The group had no unsecured debt securities or unsecured short-term loans as of December 31, 2024, maintaining a 0% debt-to-equity ratio[96] Dividends and Share Capital - The company did not recommend any final dividend for the year ended December 31, 2024[2] - The group did not declare any final dividend for the year ending December 31, 2024, consistent with 2023[35] - The total issued share capital remains unchanged at HKD 87.4 million, with 8,741,777,000 shares issued as of December 31, 2024[44] - The company repurchased 67,104,000 shares at an average price of HKD 0.117 per share during the year, which were subsequently canceled[44] Operational Highlights - The upstream business segment reported a loss of HKD 175.1 million in 2024, an improvement from a loss of HKD 264.6 million in 2023[17] - The EBITDA for the upstream business segment was adjusted to a loss of HKD 106.9 million in 2024, compared to a profit of HKD 64.9 million in 2023[17] - The company is currently analyzing the impact of new accounting standards on its financial reporting and disclosures, particularly regarding HKFRS 18[12] - The company is currently seeking legal advice regarding potential impacts from ongoing litigation related to disputed payments in mainland China[48] - The company will transfer operational control of Los Blancos to Pampa while retaining a 50% interest in the concession area, following an arbitration ruling[47] Environmental and Sustainability Initiatives - The company is actively seeking opportunities to collaborate with local authorities and regulators to achieve net-zero emissions goals[57] - The company is committed to reducing its environmental footprint and carbon tax burden, with ongoing carbon reduction measures including energy audits and facility reconfigurations[66] - NTEC aims to develop a green hydrogen production facility at Discovery Park with an initial capacity of 17 tons per day, following a non-binding memorandum of understanding with Quantum Technology Corporation[71] - The company is focused on creating a self-sustaining ecosystem at Discovery Park, integrating green hydrogen, biofuel production, aquaculture, vertical farming, and modular construction[68] Corporate Governance - The board is committed to maintaining high standards of corporate governance and regularly reviews governance practices to meet stakeholder expectations[109] - The company has adopted and complied with the corporate governance code as per the Hong Kong Stock Exchange rules for the fiscal year ending December 31, 2024[110] - The company has established an audit committee to oversee financial reporting, risk management, and internal control systems[115] - The audit committee has recommended the board to approve the consolidated financial statements for the year[116]

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of HKD 4,517.7 million, a decrease of 72.8% compared to HKD 16,602.2 million in the same period of 2023[6]. - The company incurred a net loss of HKD 24.9 million for the six months ended June 30, 2024, compared to a profit of HKD 57.9 million in the prior year[6]. - Basic and diluted loss per share was HKD 0.28, down from earnings of HKD 0.66 per share in the same period last year[6]. - The company reported other income and gains of HKD 33.8 million, down from HKD 139.0 million in the previous year[6]. - The company reported a total comprehensive income of HKD 33.8 million for the six months ended June 30, 2024, compared to HKD 139.0 million in the same period of 2023, indicating a significant decline[46]. - The company recorded a loss before tax of HKD 19.3 million for the six months ended June 30, 2024, compared to a profit of HKD 69.3 million in the same period of 2023[42]. - Revenue from refined and sold precious metals was HKD 4,354.0 million, down from HKD 16,276.2 million in the previous year, a decrease of approximately 73.3%[45]. - The company reported a net investment loss of HKD 4.4 million for the six months ended June 30, 2024, compared to HKD 7.5 million in the previous year[61]. Assets and Liabilities - As of June 30, 2024, non-current assets increased to HKD 790.8 million from HKD 672.4 million as of December 31, 2023, representing a growth of approximately 17.6%[10]. - Current liabilities rose sharply to HKD 457.6 million from HKD 252.8 million, reflecting an increase of approximately 80.8%[10]. - The company's cash and bank balances decreased to HKD 613.1 million from HKD 796.6 million, a decline of approximately 23.0%[10]. - Total liabilities increased to HKD 703.9 million as of June 30, 2024, from HKD 508.3 million as of December 31, 2023, representing an increase of approximately 38.5%[42]. - The total number of issued shares as of June 30, 2024, was 8,741,776,988 shares[5]. - The company’s total assets less current liabilities stood at HKD 1,395.6 million, down from HKD 1,447.9 million[10]. - The company’s specific non-current assets as of June 30, 2024, totaled HKD 765.2 million, compared to HKD 648.2 million as of December 31, 2023, an increase of approximately 18.1%[44]. Operational Highlights - The company operates two reporting segments: upstream business, which involves oil and gas exploration, development, production, and sales in Canada and Argentina, and precious metals refining and trading in Hong Kong[38]. - The company recognized an impairment reversal of approximately HKD 111.8 million after a technical and economic reassessment of its Canadian oil and gas assets[74]. - NTEC's oil and gas production decreased by 37% year-on-year to an average of 7,900 BOE per day due to external factors, including wildfires and evacuation orders[77]. - The company has shut down production of approximately 2,000 barrels of oil equivalent per day to preserve value until prices rebound, with over 70% of production capacity restored as of the report date[74]. - The financial performance of the precious metals trading and refining business in Hong Kong declined due to record high gold prices, leading to weaker trade volumes and profit margins[74]. Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2024, was negative at HKD (128.8) million, compared to HKD (15.7) million for the same period in 2023[18]. - The company reported a net cash outflow from investing activities of HKD (53.9) million, compared to HKD (30.4) million in the previous year[18]. - The company’s cash and cash equivalents were not detailed in the provided content, indicating a potential area for further inquiry[1]. - As of June 30, 2024, the company had no external borrowings and held highly liquid current assets of HKD 641.8 million, including cash and bank balances of HKD 613.1 million[74]. Corporate Governance and Compliance - The company has complied with the corporate governance code and has reviewed its practices to ensure adherence as of June 30, 2024[121]. - The audit committee, comprising five directors, is responsible for reviewing the effectiveness of financial controls and risk management systems[125]. - The company has maintained a public float of 25% as required by listing rules as of June 30, 2024[127]. - The board recognizes the importance of gender diversity, with one female director as of August 29, 2024, in compliance with listing rules[122]. - The company has adopted the standard code for securities transactions by directors and confirmed compliance for the six months ended June 30, 2024[123]. Shareholder Information - The beneficial owner Cheng Yu Tung Family (Holdings II) Limited holds 5,761,900,848 shares, representing approximately 65.91% of the issued ordinary shares of the company[119]. - The beneficial owner Elberta Holdings Limited holds 794,850,000 shares, representing approximately 9.02% of the issued ordinary shares of the company[119]. - The company has authorized but not contracted capital commitments of HKD 78.1 million as of June 30, 2024, down from HKD 124.9 million as of December 31, 2023[70]. - The company will seek shareholder approval for any share options granted that exceed certain thresholds, including 0.1% of issued shares or a total value exceeding HKD 5 million[112]. Future Outlook and Strategic Initiatives - The company is focused on developing a hydrogen plant as part of its energy transition journey, with environmental preparations and stakeholder engagement already initiated[89]. - The company signed a non-binding memorandum of understanding with Quantum Technology Corporation to jointly develop a green hydrogen production facility with an initial capacity of 15 tons per day[75]. - The company continues to evaluate its investment options in Argentina while maintaining oil production and reinvesting cash surpluses despite a challenging business environment[75].

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 4,517.7 million, a decrease of 72.8% compared to HKD 16,602.2 million in 2023[1] - The company reported a loss before tax of HKD 19.3 million, compared to a profit of HKD 69.3 million in the same period last year[2] - The net loss for the period was HKD 24.9 million, a significant decline from a profit of HKD 57.9 million in 2023[2] - Basic loss per share was HKD 0.28, down from earnings of HKD 0.66 per share in the previous year[2] - Other comprehensive loss for the period totaled HKD 7.5 million, contrasting with a gain of HKD 42.8 million in the previous year[3] - Reported segment revenue for the upstream business was HKD 163.7 million for the six months ended June 30, 2024, down from HKD 326.0 million in the same period of 2023, representing a decrease of 50.2%[15] - Adjusted EBITDA for the upstream business was HKD (51.2) million, compared to HKD 74.5 million in the prior year, indicating a significant decline[15] - Total reported segment revenue for the group was HKD 4,517.7 million for the six months ended June 30, 2024, down from HKD 16,602.2 million in the same period of 2023, a decrease of 72.8%[15] - The group reported a pre-tax loss of HKD 24.9 million for the six months ended June 30, 2024, compared to a profit of HKD 57.9 million in the same period of 2023[32] - The group’s basic loss per share for the six months ended June 30, 2024, was HKD 0.00285, compared to earnings per share of HKD 0.00655 in the same period of 2023[32] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 1,062.4 million, slightly up from HKD 1,028.3 million at the end of 2023[4] - Current liabilities rose to HKD 457.6 million, compared to HKD 252.8 million at the end of 2023, indicating increased financial obligations[4] - The group's total assets increased to HKD 1,853.2 million as of June 30, 2024, compared to HKD 1,700.7 million as of December 31, 2023, reflecting a growth of 9.0%[18] - The group's total liabilities rose to HKD 703.9 million as of June 30, 2024, up from HKD 508.3 million as of December 31, 2023, an increase of 38.5%[18] - The total liabilities increased significantly to 367.6 million HKD as of June 30, 2024, from 164.8 million HKD as of December 31, 2023, indicating a growth of over 120%[39] - The group’s total current assets were valued at HKD 604.8 million, down from HKD 775.5 million as of December 31, 2023, with cash and bank balances at HKD 613.1 million[68] - The total equity of the group was HKD 1,149.3 million, a decrease from HKD 1,192.4 million as of December 31, 2023, with a debt ratio of 38.0% compared to 29.9% in the previous period[68] - The group has no outstanding secured debt or short-term loans as of June 30, 2024, maintaining an asset-to-equity ratio of 0%[69] Inventory and Capital Expenditures - Inventory increased significantly to HKD 341.3 million from HKD 102.8 million, reflecting potential overstocking issues[4] - Capital expenditures include new exploration and evaluation assets as well as property, plant, and equipment[14] - The company’s capital commitments for property, plant, and equipment increased to 29.8 million HKD as of June 30, 2024, compared to 69.5 million HKD as of December 31, 2023[34] Operational Segments - The company operates two reporting segments: upstream business (oil and gas exploration, development, production, and sales) and precious metals refining and trading in Hong Kong[13] - The upstream business is currently active in Canada and Argentina, focusing on oil and gas activities[13] - The financial performance of the precious metals trading and refining business in Hong Kong declined due to historical high gold prices, leading to weaker trade volumes and profit margins[48] - The upstream business in Canada experienced a revenue decline of approximately 47% due to persistently low natural gas prices[48] - The company has recognized an impairment reversal of HKD 111.8 million due to improved technical and economic feasibility of its Montney assets[51] Corporate Governance and Compliance - The company has adopted and applied the corporate governance code as per the listing rules, ensuring compliance with all applicable provisions as of June 30, 2024[85] - The audit committee has reviewed the interim financial results for the six months ending June 30, 2024, confirming compliance with applicable accounting standards and listing rules[88] - The company did not buy, sell, or redeem any of its listed securities during the review period[89] - There were no significant violations of applicable laws and regulations during the review period[91] Environmental Initiatives - The company is undergoing a green transformation journey, aiming to integrate complementary environmental businesses in British Columbia[47] - The company has signed a non-binding memorandum of understanding with Quantum Technology Corporation to develop a green hydrogen production facility with an initial capacity of 15 tons per day at Discovery Park[49] - The vision for Discovery Park includes creating a circular economy by integrating green hydrogen production, biofuel production, aquaculture, vertical farming, and modular construction[54] - The company is focusing on transforming Discovery Park into a green ecosystem center, aligning with its ESG initiatives and global low-carbon economy efforts[57] - The company is actively seeking opportunities to collaborate with local authorities and regulators to achieve net-zero emissions goals[49] Legal and Regulatory Matters - The company is currently seeking legal advice regarding potential impacts from a lawsuit filed by Beijing Gas Blue Sky Holdings Limited in China[46] - The group is evaluating the financial impact of a court ruling related to its operations in Argentina, which may require the transfer of operational rights[80] Changes and Developments - The company has rebranded from "New Times Energy Corporation Limited" to "New Times Corporation Limited" as approved by shareholders on June 20, 2024[9] - The company changed its name from "New Times Energy Corporation Limited" to "New Times Corporation Limited" effective June 20, 2024[82] - The company has changed its website from "http://www.nt-energy.com/" to "http://www.newtimes-corp.com/" effective August 28, 2024[83] - Changes in director information include the appointment of a new independent non-executive director on August 29, 2024[93] Employee and Compensation - The group employed a total of 137 long-term employees as of June 30, 2024, down from 142 as of December 31, 2023[75] - Total employee compensation for the six months ended June 30, 2024, amounted to HKD 51.7 million, an increase from HKD 45.8 million in 2023[75]

Financial Performance - For the fiscal year ending December 31, 2023, the company reported a revenue of HKD 26,150.2 million, an increase of 25.8% compared to HKD 20,913.2 million in 2022[9]. - The company recorded a loss of HKD 150.5 million for the year, compared to a profit of HKD 285.9 million in the previous year, indicating a significant decline in profitability[12]. - Adjusted EBITDA for the year was HKD 167.0 million, down from HKD 453.5 million in 2022, reflecting a decrease of 63.2%[9]. - The company reported a net loss of HKD 150.5 million for the year ended December 31, 2023, while adjusted EBITDA was HKD 167.0 million[26]. - The company recorded a gross loss of HKD 136.9 million for the year, compared to a gross profit of HKD 421.4 million in 2022, largely due to a non-cash impairment charge of HKD 119.9 million related to its Canadian assets[57]. - NTEC's annual revenue for 2023 was HKD 475.8 million, a decrease of 47.2% compared to 2022, with an average realized price of CAD 20.2 per barrel of oil equivalent, down from CAD 35.2 the previous year[33]. - The company has a net working capital of HKD 134.3 million as of December 31, 2023, down from HKD 193.9 million in 2022[60]. - The company reported no donations made during the fiscal year ending December 31, 2023, consistent with the previous year[161]. Asset and Debt Management - The company’s total assets decreased to HKD 1,700.7 million from HKD 2,165.4 million in the previous year, indicating a reduction in overall asset value[9]. - The company maintained a debt ratio of 29.9%, down from 39.0% in the previous year, reflecting improved financial stability[9]. - Total equity as of December 31, 2023, was HKD 1,192.4 million, a decrease from HKD 1,321.6 million in 2022, with a net asset value per share of HKD 0.14, down from HKD 0.15[65]. - The group’s net current assets as of December 31, 2023, were approximately HKD 775.5 million, down from HKD 855.4 million in 2022, while cash and bank balances were HKD 796.6 million, compared to HKD 851.2 million in the previous year[65]. Operational Developments - The company successfully acquired three segments of land in West Gold Creek, Alberta, estimated to contain 2.9 million barrels of oil equivalent, providing over two years of quality drilling inventory[13]. - The company plans to commence drilling in the Montney Formation in Alberta, Canada, with an expected start date in September 2024[55]. - The company is actively exploring investment opportunities in the global energy sector to maximize shareholder value[21]. - The company’s exploration and production assets span over 761,000 acres across four locations in Western Canada, with over 800 active wells[31]. - The company is transforming its Discovery Park into a green ecosystem center, integrating hydrogen/green ammonia facilities, biofuel production, aquaculture, and vertical farming[25]. Environmental and Sustainability Initiatives - The company emphasizes environmental sustainability and social responsibility in its business model, aiming for a transition to a low-carbon future[21]. - The company aims to achieve net-zero emissions by collaborating with local authorities and stakeholders[182]. - The company has initiated a leak detection and repair program to manage fugitive emissions, enhancing safety and reducing greenhouse gas emissions[178]. - The company is committed to sustainable development and aims to create economic value while contributing to climate protection and resource efficiency[174][175]. - The company implements environmental assessments, design and engineering, operational arrangements, continuous monitoring, waste management, and restoration measures to minimize the impact of its oil and gas operations on local communities and ecosystems[198]. Challenges and Risks - The company is facing challenges in Argentina due to a 211% inflation rate and a 354% depreciation of the Argentine peso against the US dollar, impacting revenue and profitability[15]. - Due to production interruptions from local fires, NTEC's daily production decreased by 3,200 barrels of oil equivalent and 7,700 barrels of oil equivalent for HRB and GSA facilities, respectively[33]. - The company faces various risks, including operational, financial, and market risks, and is committed to mitigating these through strategic planning and a robust management team[71]. Shareholder and Corporate Governance - The company will not declare a final dividend for the year ended December 31, 2023[60]. - The company has maintained good relationships with suppliers and customers, emphasizing customer service and creating value[107]. - The company has complied with applicable environmental laws and regulations, continuously reviewing its environmental practices to enhance sustainability[107]. - The independent auditor, PwC, will be reappointed at the upcoming annual general meeting[164]. - The company has disclosed no interests or holdings in competing businesses by its directors[147]. Production and Reserves - NTEC's average daily oil and gas production for the year ended December 31, 2023, was 11,100 barrels of oil equivalent, with 95% being natural gas[33]. - The total oil equivalent reserves attributable to the group are 30.7 million barrels, a decrease of 10.0% from 34.1 million barrels as of December 31, 2022[81]. - Approximately 95% of the group's reserves consist of natural gas, with the remaining comprising natural gas liquids and oil[83]. - The proven reserves in the Greater Sierra area are 15.8 million barrels, down from 17.9 million barrels in the previous year, representing a decline of 11.7%[81]. Employee and Management Information - The group employed a total of 142 long-term employees as of December 31, 2023, an increase from 132 in 2022, with total employee compensation amounting to HKD 94.6 million, down from HKD 102.6 million[75]. - The company’s senior management includes executive directors with extensive experience in finance and accounting[94]. - The annual salary for the executive director and chairman, Mr. Cheng Kam Chiu, has been adjusted to HKD 3,094,800, while the CEO's salary is HKD 4,040,000[157].

Financial Performance - Revenue for the year ended December 31, 2023, was HKD 26,150.2 million, an increase of 25.8% from HKD 20,913.2 million in 2022[2] - The adjusted EBITDA for 2023 was HKD 167.0 million, down 63.2% from HKD 453.5 million in 2022[2] - The company reported a loss before tax of HKD 159.6 million compared to a profit of HKD 300.7 million in the previous year[4] - Basic loss per share for 2023 was HKD (1.72), a decline from earnings of HKD 3.26 per share in 2022[4] - Total comprehensive loss for the year was HKD (148.7) million, compared to a total comprehensive income of HKD 151.6 million in 2022[5] - The group reported a net loss attributable to shareholders of HKD 150.5 million for 2023, compared to a profit of HKD 285.9 million in 2022[47] - The company recorded a net loss of HKD 150.5 million for the year ended December 31, 2023, while adjusted EBITDA was HKD 167.1 million[61] - The company reported a gross loss of HKD 136.9 million for the year, primarily due to a non-cash impairment charge of HKD 119.9 million related to its Canadian assets[133] Revenue Sources - Revenue from external customers in Hong Kong was HKD 25,616.9 million, up 28.8% from HKD 19,910.7 million in 2022[17] - Revenue from Customer 1 increased dramatically to HKD 3,718.7 million in 2023 from HKD 1,198.0 million in 2022, representing a growth of 210.3%[39] - The group reported total revenue of HKD 26,150.2 million for the year, an increase from HKD 20,913.2 million in 2022, with HKD 533.3 million coming from upstream oil and gas product sales, down from HKD 1,002.6 million in the previous year[150] Dividends and Share Repurchase - The company did not declare any final dividend for the year ended December 31, 2023[2] - The board has recommended not to declare a final dividend for the year ending December 31, 2023[135] - The company did not declare a final dividend for the year ending December 31, 2023, and repurchased a total of 67,104,000 ordinary shares at a total price of HKD 7.8 million, which were subsequently cancelled[175] - The board believes that the share repurchase will enhance earnings per share and increase net asset value per share attributable to shareholders[175] Asset Management - The company experienced a significant decrease in current assets, with net current assets reported at HKD 1,028.3 million, down from HKD 1,185.2 million in 2022[25] - The group’s total assets were reported at HKD 1,245.0 million in 2023, down from HKD 1,863.3 million in 2022, indicating a reduction of 33.1%[34] - The company’s net working capital decreased to HKD 134.3 million as of December 31, 2023, down from HKD 193.9 million in 2022, primarily due to year-end settlements of trade receivables[109] - The company reported a total asset reduction in current liabilities, indicating a need for improved asset management strategies[199] Costs and Expenses - Financing costs increased to HKD (54.6) million in 2023 from HKD (27.8) million in 2022[21] - General and administrative expenses for the year were HKD 108.3 million, a decrease of HKD 22.6 million from HKD 130.9 million in the previous year, primarily due to cost control measures[151] Impairment and Losses - The company reported a net loss from investments of HKD (20.9) million, a decrease from a net income of HKD 25.0 million in the previous year[4] - The group recognized a loss of HKD 119.9 million due to asset impairment in 2023, which was not present in 2022[34] - The company recorded an impairment charge of HKD 119.9 million due to the significant drop in natural gas prices and production halts in Canada[83] Future Outlook and Strategies - The company is optimistic about future profitability and cash flow improvements due to expected rebounds in energy commodity prices and efficiency measures implemented by NTE Canada[119] - The company is actively exploring partnerships with local authorities and stakeholders to achieve net-zero emissions and support its ESG initiatives[113] - The company is transforming its energy strategy by redeveloping the 1,200-acre Discovery Park in British Columbia into a green ecosystem center, incorporating hydrogen/green ammonia facilities and vertical farming[63] - The company plans to establish a production facility for hydrogen/green ammonia at Discovery Park, leveraging abundant water supply and renewable energy[92] Market Conditions - The Argentine business experienced a significant decline in revenue and profit due to an annual inflation rate of 211% and a 354% depreciation of the Argentine peso against the US dollar[62] - The Argentine peso depreciated by 354% against the US dollar, with an inflation rate reaching a record 211%, making operations in Argentina challenging[129] Research and Development - Ongoing research and development efforts are prioritized to innovate and stay competitive in the industry[197] - The company is exploring new product development initiatives aimed at expanding market share in emerging sectors[197] - Market expansion strategies are being evaluated to penetrate new geographic regions and diversify revenue streams[197] Environmental Initiatives - The company aims to reduce carbon emissions and achieve net-zero targets through various carbon reduction initiatives[89] - Discovery Park is conducting a System Impact Study (SIS) with BC Hydro for a 300 MW hydroelectric power supply, with electricity priced as low as CAD 0.05 per kWh[124]

Financial Performance - The company reported a loss of HKD 34.3 million for the six months ended June 30, 2023, compared to a profit of HKD 236.7 million in the same period of 2022[12]. - The company recorded a profit of HKD 57.9 million for the first half of 2023, despite a significant drop in natural gas commodity prices compared to the same period in 2022[45]. - For the six months ended June 30, 2023, the company reported revenue of HKD 16,602.2 million, a slight increase from HKD 16,587.3 million in the same period of 2022[6]. - Gross profit for the same period was HKD 14.9 million, significantly down from HKD 294.9 million year-on-year[6]. - The company recorded a net profit of HKD 57.9 million, a decrease of 73.1% compared to HKD 214.9 million in the previous year[6]. - Other income and gains amounted to HKD 139.0 million, a substantial increase from HKD 1.0 million in the previous year[6]. - The company experienced a pre-tax profit of HKD 69.3 million, down from HKD 229.1 million year-on-year[6]. - The total comprehensive income for the period was HKD 100.7 million, compared to HKD 172.9 million in the same period last year[130]. Assets and Liabilities - Total assets as of June 30, 2023, amounted to HKD 2,327.4 million, up from HKD 2,165.4 million at the end of 2022[12]. - Reported liabilities increased to HKD 796.8 million from HKD 726.2 million year-on-year[12]. - The company’s cash and bank balances were HKD 239.9 million, slightly down from HKD 240.9 million at the end of 2022[12]. - The company’s trade receivables decreased to HKD 68.6 million as of June 30, 2023, from HKD 103.9 million as of December 31, 2022[29]. - The company’s current liabilities increased to HKD 244.2 million as of June 30, 2023, compared to HKD 166.7 million as of December 31, 2022[29]. - Total equity increased to HKD 1,435.2 million from HKD 1,321.6 million, reflecting a growth of 8.6%[141]. Investment and Capital Expenditure - The company’s investment properties were valued at HKD 219.2 million as of June 30, 2023[12]. - The new precious metals refining plant, with an annual processing capacity of approximately 50 tons of 99.99% gold, is expected to commence trial operations in August 2023, which is anticipated to enhance profitability[47]. - The company’s capital expenditure included new exploration and evaluation assets amounting to HKD 30.6 million for the six months ended June 30, 2023, compared to HKD 17.8 million in the same period of 2022[185]. Dividends and Share Repurchase - The company did not recommend any interim dividend for the six months ended June 30, 2023, consistent with the previous year[25]. - The company repurchased a total of 67,104,000 shares at a total cost of HKD 7.8 million during the six months ended June 30, 2023[109]. - The company believes that the share repurchase will enhance earnings per share and increase net asset value per share for shareholders[109]. Operational Efficiency and Future Outlook - The company is actively seeking process efficiency improvements and cost optimization opportunities to maximize financial performance, including renegotiating fees for gas pipelines and reducing carbon emissions[49]. - The company expects natural gas commodity prices to rebound in the second half of 2023, leading to higher profit levels[45]. - The company aims to improve its oil and gas business performance in Canada and Argentina, anticipating stronger energy commodity prices for the remainder of 2023[58]. Governance and Compliance - The company plans to appoint at least one female board member by the end of 2023 to comply with the new listing rules[106]. - The board consists of six members, including two executive directors, one non-executive director, and three independent non-executive directors[100]. - The company has maintained good relationships with suppliers, customers, and government entities, with no significant disputes reported for the six months ended June 30, 2023[80]. Financial Risk Management - Financial risk management policies have remained unchanged since the end of the last fiscal year, addressing market, credit, and liquidity risks[170]. - The company’s financial risk factors include market risk, credit risk, and liquidity risk, which are not fully detailed in the mid-year financial report[169].

[Financial Highlights](index=1&type=section&id=Financial%20Highlights) For the six months ended June 30, 2023, the Group reported a significant revenue increase to HK$16.6 billion, yet profit before tax and net profit sharply declined, resulting in lower basic earnings per share and no interim dividend Financial Summary for the six months ended June 30 | Indicator | 2023 (HK$ Million) | 2022 (HK$ Million) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 16,602.2 | 10,402.8 | +59.6% | | Profit before tax | 69.3 | 229.1 | -69.7% | | Profit for the period | 57.9 | 214.9 | -73.1% | | Earnings per share - basic (HK cents) | 0.66 | 2.45 | -73.1% | - The Board of Directors does not recommend the payment of any interim dividend for the six months ended June 30, 2023[7](index=7&type=chunk) [Condensed Consolidated Financial Statements](index=2&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Statement of Profit or Loss](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) In H1 2023, revenue grew to HK$16.6 billion, but gross profit plummeted to HK$14.9 million due to increased cost of sales, partially offset by a HK$139.0 million gain from property revaluation, resulting in a 73% decrease in profit for the period to HK$57.9 million Key Profit or Loss Items (Unaudited, for the six months ended June 30) | Item | 2023 (HK$ Million) | 2022 (HK$ Million) | | :--- | :--- | :--- | | Revenue | 16,602.2 | 10,402.8 | | Cost of sales | (16,587.3) | (10,107.9) | | **Gross Profit** | **14.9** | **294.9** | | Other income, gains and net losses | 139.0 | 1.0 | | General and administrative expenses | (49.4) | (53.5) | | Finance costs | (28.0) | (14.3) | | **Profit before tax** | **69.3** | **229.1** | | Income tax expense | (11.4) | (14.2) | | **Profit for the period** | **57.9** | **214.9** | - Basic and diluted earnings per share were both **HK$0.66 cents**, down from **HK$2.45 cents** in the same period of 2022[16](index=16&type=chunk) [Condensed Consolidated Balance Sheet](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheet) As of June 30, 2023, total assets increased to HK$2,327.4 million, driven by investment properties, while total liabilities slightly rose, leading to growth in net assets to HK$1,435.2 million and a stable debt-to-asset ratio of 38.3% Balance Sheet Summary | Item | June 30, 2023 (Unaudited, HK$ Million) | Dec 31, 2022 (Audited, HK$ Million) | | :--- | :--- | :--- | | **Total Non-current Assets** | 1,086.4 | 980.2 | | **Total Current Assets** | 1,241.0 | 1,185.2 | | **Total Assets** | **2,327.4** | **2,165.4** | | **Total Current Liabilities** | 392.3 | 329.8 | | **Total Non-current Liabilities** | 499.9 | 514.0 | | **Total Liabilities** | **892.2** | **843.8** | | **Net Assets** | **1,435.2** | **1,321.6** | | **Total Equity** | **1,435.2** | **1,321.6** | - The Group's cash and bank balances stood at **HK$808.3 million**, a slight decrease from **HK$851.2 million** at the end of 2022[19](index=19&type=chunk) - A new line item, Investment Property, was added to non-current assets with a value of **HK$219.2 million**[19](index=19&type=chunk) [Notes to the Financial Statements](index=6&type=section&id=Notes%20to%20the%20Financial%20Statements) The financial statements, prepared under HKAS 34, reflect new accounting policies for hedge accounting and investment properties, segmenting business into 'Upstream' and 'Ordinary and commodity refining and trading', with Hong Kong as the primary revenue source and Canada holding most non-current assets, while an Argentinian lawsuit is deemed unlikely to succeed - The Group adopted new accounting policies for hedge accounting for derivative financial instruments and for investment properties, which were reclassified from property, plant and equipment[22](index=22&type=chunk)[23](index=23&type=chunk)[26](index=26&type=chunk) Segment Revenue (for the six months ended June 30) | Segment | 2023 (HK$ Million) | 2022 (HK$ Million) | | :--- | :--- | :--- | | Upstream | 326.0 | 589.0 | | Ordinary and commodity refining and trading | 16,276.2 | 9,813.8 | | **Total** | **16,602.2** | **10,402.8** | Revenue by Geographical Location (for the six months ended June 30) | Location | 2023 (HK$ Million) | 2022 (HK$ Million) | | :--- | :--- | :--- | | Hong Kong | 16,276.2 | 9,813.8 | | Canada | 275.0 | 548.7 | | Argentina | 51.0 | 40.3 | | **Total** | **16,602.2** | **10,402.8** | - The Board did not recommend an interim dividend for the period[78](index=78&type=chunk) - Basic EPS was calculated based on a profit of **HK$57.9 million** and a weighted average of **8,790.6 million shares**[74](index=74&type=chunk) - The Group is involved in an arbitration proceeding initiated by a partner in Argentina concerning the Los Blancos concession. The Group believes the partner's claim to its **50% participating interest** is unlikely to succeed and has not made a provision for it[158](index=158&type=chunk) [Management Discussion and Analysis](index=19&type=section&id=Management%20Discussion%20and%20Analysis) [Overall Review](index=19&type=section&id=Overall%20Review) Despite falling natural gas prices, the Group achieved a HK$57.9 million profit in H1 2023, maintaining a robust financial position with no external debt and high liquidity of HK$855.9 million, driven by strong precious metals trading and ongoing energy transition initiatives in Canada and new refinery preparations - The Group recorded a profit of **HK$57.9 million** despite a sharp drop in natural gas prices compared to the same period in 2022[160](index=160&type=chunk) - Financial position is strong with no external debt and highly liquid assets of **HK$855.9 million**, including **HK$808.3 million** in cash[160](index=160&type=chunk) - The precious metals trading business saw net profit **triple** compared to the same period last year[107](index=107&type=chunk) - The Group is committed to an energy transition, focusing on redeveloping Discovery Park in Canada into a green ecosystem center[106](index=106&type=chunk) [Business Operations Review](index=20&type=section&id=Business%20Operations%20Review) The Group's diversified operations saw Canadian upstream business impacted by low gas prices and wildfires, Argentinian oil production stable but challenged by economic factors, while Hong Kong's commodity refining and trading business achieved strong growth with a new refinery nearing completion [Canada Operations](index=20&type=section&id=Canada%20Operations) In H1 2023, Canadian operations produced 12,152 boe/d, but revenue fell 50% to HK$275.0 million due to low natural gas prices and wildfires, prompting focus on cost reduction and green redevelopment of Discovery Park, though hydrogen plant plans are stalled - Average daily production was **12,152 barrels of oil equivalent (boe/d)**, with **95%** being natural gas[109](index=109&type=chunk) - Revenue from Canadian operations decreased by **50%** to **HK$275.0 million** due to a significant drop in natural gas prices[110](index=110&type=chunk) - Wildfires forced a production shutdown at the Horn River Basin facilities from July 1, 2023, reducing daily output by **3,200 boe/d**[161](index=161&type=chunk) - The Group is redeveloping the **1,200-acre** Discovery Park into a green ecosystem center to create a circular economy[169](index=169&type=chunk) - Plans for a new liquid hydrogen plant at Discovery Park are stalled due to economic feasibility issues and competition from subsidized US projects[84](index=84&type=chunk) [Argentina Operations](index=22&type=section&id=Argentina%20Operations) Argentina's Los Blancos oilfield maintained stable production of 1,320 barrels per day of high-quality light crude, recognized as the country's most productive conventional well, despite severe financial constraints from price caps, hyperinflation, and capital controls, remaining financially self-sufficient with positive cash flow - The Los Blancos concession produced a stable average of **1,320 barrels per day** of light crude oil and is recognized as Argentina's most productive conventional oil well[86](index=86&type=chunk) - Financial performance is significantly hampered by adverse factors including low domestic oil prices (about **30% below Brent**), hyperinflation, capital controls, high taxes, and social unrest[87](index=87&type=chunk) - Despite challenges, the Argentinian operation generates positive cash flow and is financially self-sufficient[87](index=87&type=chunk) [Commodity Refining and Trading Business](index=23&type=section&id=Commodity%20Refining%20and%20Trading%20Business) The physical precious metals trading business performed exceptionally well, with transaction volume growing to HK$16.3 billion and net profit tripling to HK$16.2 million, with a new refinery capable of processing 50 tonnes of gold annually scheduled for testing in August 2023 to further enhance profitability - The physical gold and silver refining and trading business saw total transaction volume grow to **HK$16,276.2 million**[90](index=90&type=chunk) - Net profit from this segment **tripled** to **HK$16.2 million** compared to the same period in 2022, aided by improved profit margins per transaction[90](index=90&type=chunk) - The new refinery, capable of processing approximately **50 tonnes of 99.9% gold** annually, is scheduled for initial testing and commissioning in August 2023[91](index=91&type=chunk) [Financial Review](index=24&type=section&id=Financial%20Review) In H1 2023, total revenue increased to HK$16.6 billion, primarily from precious metals sales, offsetting upstream declines, while gross profit fell sharply to HK$14.9 million due to lower natural gas prices, though a HK$115.0 million property revaluation gain boosted other income, resulting in a net profit of HK$57.9 million and EPS of HK$0.66 cents Revenue Breakdown (H1 2023) | Business Segment | Revenue (HK$ Million) | Compared to H1 2022 (HK$ Million) | | :--- | :--- | :--- | | Upstream Oil & Gas | 326.0 | 589.0 | | Precious Metals Sales | 16,276.2 | 9,813.8 | - Gross profit was **HK$14.9 million**, a significant decrease from **HK$294.9 million** in H1 2022, reflecting the sharp fall in Canadian natural gas prices[95](index=95&type=chunk) - Other income, gains and net losses amounted to **HK$139.0 million**, which included a fair value gain of **HK$115.0 million** from designating property, plant and equipment to investment property[95](index=95&type=chunk) - General and administrative expenses decreased by **8%** to **HK$49.4 million** due to cost savings in the upstream business[96](index=96&type=chunk) - Profit attributable to owners of the Company was **HK$57.9 million**, with basic and diluted EPS at **HK$0.66 cents**[96](index=96&type=chunk) [Capital Structure, Liquidity, and Financial Resources](index=25&type=section&id=Capital%20Structure%2C%20Liquidity%2C%20and%20Financial%20Resources) The Group maintains a strong financial position with no interest-bearing debt and a 0% gearing ratio, reporting net current assets of HK$848.7 million and cash of HK$808.3 million as of June 30, 2023, while utilizing derivatives for hedging and earmarking HK$161.7 million from a 2017 offering for future energy investments - As of June 30, 2023, the Group had no interest-bearing borrowings, resulting in a gearing ratio of **0%**[121](index=121&type=chunk) Key Liquidity and Capital Structure Metrics (as of June 30, 2023) | Metric | Value (HK$ Million) | Compared to Dec 31, 2022 | | :--- | :--- | :--- | | Net Current Assets | 848.7 | 855.4 | | Cash and Bank Balances | 808.3 | 851.2 | | Total Equity | 1,435.2 | 1,321.6 | | Debt-to-Asset Ratio | 38.3% | 39.0% | - An unutilized balance of **HK$161.7 million** from a 2017 public offering is expected to be used for investments in oil and gas, power generation, and renewable energy by the end of 2024[116](index=116&type=chunk) - The Group uses derivative financial instruments for hedging purposes to mitigate the financial impact of price fluctuations on its precious metals inventory[117](index=117&type=chunk) [Corporate Governance and Other Information](index=28&type=section&id=Corporate%20Governance%20and%20Other%20Information) [Corporate Governance and Compliance](index=28&type=section&id=Corporate%20Governance%20and%20Compliance) The company complied with all applicable Corporate Governance Code provisions, with interim results reviewed by the Audit Committee and PricewaterhouseCoopers, and confirmed adherence to relevant laws and regulations without material breaches - The Board believes the company has complied with all applicable code provisions of the Corporate Governance Code for the six months ended June 30, 2023[139](index=139&type=chunk) - The interim results for the six months ended June 30, 2023, have been reviewed by the Company's Audit Committee and by the independent auditor, PricewaterhouseCoopers[143](index=143&type=chunk) - The Group has complied in all material respects with the relevant laws and regulations that have a significant impact on its business and operations[148](index=148&type=chunk) [Share Repurchase and Dividends](index=29&type=section&id=Share%20Repurchase%20and%20Dividends) In H1 2023, the company repurchased 67,104,000 ordinary shares for HK$7.8 million, and the Board decided not to declare an interim dividend for the period - The company repurchased a total of **67,104,000 ordinary shares** for a total consideration (before expenses) of **HK$7.8 million** during the period[144](index=144&type=chunk) Share Repurchase Details (2023) | Month | Number of Shares Repurchased | Price per Share (HK$) | Total Consideration (HK$) | | :--- | :--- | :--- | :--- | | March | 2,468,000 | 0.081 - 0.082 | 201,882 | | April | 23,314,000 | 0.091 - 0.126 | 2,514,322 | | May | 22,114,000 | 0.114 - 0.130 | 2,755,568 | | June | 19,208,000 | 0.111 - 0.125 | 2,362,829 | - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2023[149](index=149&type=chunk)

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任 何損失承擔任何責任。 有關 截至二零二二年十二月三十一日止年度之年報 之補充公告 茲提述新時代能源有限公司（「本公司」，連同其附屬公司統稱為「本集團」）於二零二三年四月二十 六日刊發截至二零二二年十二月三十一日止年度之年報（「二零二二年年報」）。除本公告另有界定外， 本公告所用詞彙應與二零二二年年報所界定者具有相同涵義。 根據上市規則附第17.07(2)條，董事會謹此澄清，於二零二二年一月一日及二零二二年十二月三十一日， 根據購股權計劃可授予的購股權總數分別為零份（因為購股權計劃已於二零二二年六月二十三日於本公司 股東週年大會上獲本公司股東有條件批准）及745,888,098份， 而誠如二零二二年年報第35頁所述，根據 購股權計劃可授予的購股權總數為745,888,098份，約佔本公司於二零二二年年報日期之已發行股份總數的 8.47%。 根據上市規則第17.07(3)條，董事會謹此澄清，於截至二零二二年十二月三十一日止財政年 ...