E&P Global Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2023. For the year, the company expects to record a profit before income tax in the range of approximately HKD 1,029 million to approximately HKD 1,350 million for the year ended 31 March 2023 as compared to a loss before income tax of approximately HKD 348 million for the year ended 31 March 2022. Such estimated turnaround from loss to profit is primarily attributable to (i) an estimated reversal of impairment loss on other intangible assets (in relation to mining rights of Lot 1 and Lot 1 Extension of the Group's Russian coal mines) in the range of approximately HKD 331 million to approximately HKD 413 million (2022: approximately HKD 176 million) arising from change in valuation of such assets as at 31 March 2023 mainly due to the net effect of increase in coal sales prices of certain type of coals, the appreciation of Russian Rubles to United States Dollars, the slight decrease in post-tax discount rate, the change in expected future inflation rate of costs and the corresponding change in expected future growth rate of coal sales prices in the coming few years, and change of the expected first year of coal production to 2030; (ii) an estimated reversal of impairment loss on exploration and evaluation assets (in relation to mining rights of Lot 2 of the Group's Russian coal mines) in the range of approximately HKD 952 million to approximately HKD 1,190 million (impairment loss of approximately HKD 282 million for the year ended 31 March 2022) arising from change in valuation of such assets as at 31 March 2023 also mainly due to the net effect of increase in coal sales prices of certain type of coals, the appreciation of Russian Rubles to United States Dollars, the slight decrease in post-tax discount rate, the change in expected future inflation rate of costs and the corresponding change in expected future growth rate of coal sales prices in the coming few years, and change of the expected first year of coal production to 2025; and (iii) an estimated increase of amortization of other intangible assets (in relation to mining rights of Lot 1 and Lot 1 Extension of the Group's Russian coal mines) to approximately HKD 241 million (2022: approximately HKD 225 million).