The board of directors of the IPE Group Limited inform the shareholders and potential investors of the Company that based on the latest unaudited management account of the Group, the unaudited net profit of the Group for the year ended 31 December 2021 amounted to not less than HKD 80,000,000, representing a significant increase as compared with the net profit of HKD 29,039,000 for the year ended 31 December 2020. The reasons for the increase in the net profit of the Group are primarily owing to fading effect of the COVID-19 pandemic. Besides, domestic manufacturing industry in the PRC started to recover and sales orders of the Group were rebounded.

The Company will continue its effort to raise its production capacity, reduce costs and expand its sales network, in order to increase the earnings of the Company.