Newton Resources Ltd. based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020 (the "Reporting Period"), the Group is expected to record a net profit for the year in the range from approximately US$3 million to approximately USD 6 million for the Reporting Period as compared to the net loss for the year ended 31 December 2019 (the "Corresponding Prior Period") of approximately USD 10 million (restated). Attributed to the completion of disposal of certain subsidiaries (the "Discontinued Operations"), the Company's functional currency and the presentation currency of the Company's and the Group's financial statements have been changed to the United States Dollars ("USD") during the Reporting Period, which shall better reflect and present the consolidated financial results to the Shareholders. As a result, the comparative information of the Group's consolidated financial statements has been restated and presented in USD as if USD had been the Group's presentation currency for the prior periods. Also, the Group shall recognise the realisation of exchange fluctuation reserve as part of the gain on disposal of the Discontinued Operations for the Reporting Period. Details of the changes in functional currency and presentation currency of the Company and the Group and the financial impacts will be further disclosed in the annual results announcement and the annual report for the Reporting Period of the Group.