Continental Aerospace Technologies Holding Limited provided earnings guidance for the six months ended June 30, 2022. FOr the six months, the company expected to record a profit after tax of not less than HKD 50 million (2021: profit after tax of approximately HKD 27 million) for the six months ended 30 June 2022 which was mainly attributable to the increase in revenue generated from general aviation aircraft piston engine business due to improved market conditions and the decrease in selling and distribution expenses, administrative expenses and finance costs. The Company is still in the course of preparing and finalising the consolidated results of the Group for the six months ended 30 June 2022.

The information contained in this announcement is based on the information currently available to the Company and the preliminary assessment of the management accounts of the Group for the six months ended 30 June 2022, which has not been audited nor reviewed by the Company's auditors or the audit committee of the Company and may subject to adjustments. The overall results of the Group for the six months ended 30 June 2022 will only be ascertained when all the relevant results and accounting treatments are finalised.