Global Strategic Group Limited provided consolidated earnings guidance for the year ended 30 September 2023. The Group is expected to record a net profit of the Group of approximately HKD 18,000,000 for the Current Period as compared to the net profit of the Group of approximately HKD 14,000,000 for the year ended 30 September 2022. The substantial increase in net profit is mainly attributable to the significant reversal of impairment loss on property, plant and equipment, intangible assets and right-of-use assets of HKD 35,500,000 (net of tax) in aggregate, as a result of the recoverable amount of the cash-generating unit of Yichang Biaodian Natural Gas Utilisation Co.

Lt d. being higher than its carrying amount.