Yanchang Petroleum International Limited provided unaudited earnings guidance for the six months ended 30 June 2022. For the period, the group is expected to record a loss of around HKD 36 million for the six months ended 30 June 2022, as compared to a profit of around HKD 12 million for the six months ended 30 June 2021. The interim loss of the Group is mainly attributable to the loss of the Company's 51% indirectly owned subsidiary in the PRC, which has involved in a number of pending litigations.

The Group will take every possible step to defend the claims vigorously from the plaintiffs, and reserve the rights to take legal action(s) against the plaintiff(s) for any damages and use its best endeavours to safeguard the overall interests of the Company and its shareholders.