Yuan Heng Gas Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 September 2023. The board of directors of the Company wishes to inform the shareholders of the Company and potential investors that, based on the preliminary assessment of the unaudited management accounts and information currently available to the Board, the Group is expected to record an unaudited consolidated profit of about RMB 26 million for the six months ended 30 September 2023 (the "Relevant Period") as compared to the unaudited consolidated profit of approximately RMB 102 million recognised for the previous six months ended 30 September 2022, representing a decrease of about 75% in the unaudited consolidated profit. Based on information currently available, the decrease in the said profit was mainly due to the decrease in gross profit of about RMB78 million (a decrease of about 63%) from about RMB 124 million in the Previous Period to about RMB 46 million in the Relevant Period which in turn was mainly due to the slight but sustained market wide decrease in the selling price of products in the Relevant Period; but was partially offset by a gain of about RMB 18 million in the share of results of associates of the Group in the Relevant Period, where the Group's corresponding share of results of associates in the Previous Period was a loss of about RMB6 million.