• Revenue increased by 31.0% to approximately HK$583.3 million.
• Profit Attribute to Owners of the Group increased by 8.3% to approximately HK$51.3 million
• The Latin America and Caribbean Segment recorded a segment result of approximately HK$576.2 million
• The Financial Services Segment recorded a segment result of approximately HK$17.0 million
• The Environmental Protection Segment recorded a segment result of approximately HK$12.0 million
• Basic earnings per share was 3.56 cents.

Financial Highlights:

HONG KONG SAR – Media OutReach – 26 August 2022 – Realord Group Holdings Limited (the “Company”, together with its subsidiaries, the “Group”, stock code: 1196) is pleased to present the consolidated results of the Group for the six months ended 30 June 2022 (“Period” or “1H2022”). During the Period, the Group recorded a total revenue of approximately HK$583.3 million, representing a year-on-year growth of 31.0%; Gross profit was HK$137.8 million, representing a year-on-year increase of 4.0%; Profit and Profit attributable to owners for the Period was HK$204.08 million and HK$51.27 million respectively, representing year-on-year increases of 284.2% and 8.1% respectively; Basic earnings per share for the Year was HK$3.56 cent.

Business Review, Outlook and Corporate Strategy

The principal activities of the Group during the Period included the Segments of Property, Financial Services, the Environmental Protection (“EP”), Motor Vehicle Parts (“MVP”), Commercial Printing, Hangtag, Department Store and the Latin America & Caribbean (“LAC”).

The LAC Segment

The Group owns a project (“Grenada Project”) comprising 3 lots of land with admeasurement 450 acres situated at the Mt. Hartman area in the parish of Saint George, Grenada. Grenada Project involves the development of a mixed property project consisting educational facilities, apartments for student, residential properties, hotel and resort facilities, commercial development and shopping facilities and in a longer plan university establishment(s) and related amenities.

Through a Citizenship by Investment Programme of Grenada (“CBI Programme”), the Group is authorised by Grenada Government to raise capital from investors of the Project for funding the construction and development costs. Qualified investors of the real properties will be granted permanent Grenadian citizenship and a passport. The revenue generated from consultancy services under CBI programmer was HK$3.3 million in 1H2022 and the segment profit of LAC Segment was approximately HK$576.2 million, due to a fair value gain on the investment properties in Grenada.

The Group is keen to leverage its experience in the Grenada Project to explore further investment opportunities around the Caribbean economic zone and Latin American region. The Group has further targeted to invest in four other Caribbean countries, namely Antigua and Barbuda, Saint Lucia, Saint Kitts and Nevis, and Dominica. The Group has identified four investment propositions to collaborate with the respective local governments to accelerate economic development of each country. These four areas include (i) the clean energy sector; (ii) the education sector; (iii) the tourism sector; and (iv) the retail sector

The Group is identifying capable and competent business partners with significant track record to participate in the projects. Subject to the planning and the feasibility studies of the projects as well as the requisite approval by the respective local government, it is expected that the Group would kick off the projects in the Designated Caribbean Countries and the Republic of Panama in the near future. To this end, the Group has established a management and marketing team with offices in Beijing, Shanghai, Shenzhen and Hong Kong and established a local sales network in Vietnam, and the U.S. to implement the marketing strategies formulated for promoting the citizenship investment programmes and investment opportunities of each of the aforesaid countries.

The Financial Services Segment

The Financial Services Segment generated a revenue of approximately HK$63.1 million in 1H2022, representing a slightly decrease of 5.0% from the previous year. The decrease in revenue of the Financial Services Segment was mainly resulted from the decrease in services provided to its customers, including placing services and underwriting services for certain initial public offering (“IPO”) projects. The aforesaid effect was partially offsetted by the margin interest income, margin financing services and interest from the money lending.

During the Period under Review, the segment recorded a segment profit of approximately HK$17.0 million. The segment profit was improved by decrease in commission expenses by approximately HK$2.3 million due to the decrease in placing services and decrease in provision for impairment losses on the loan receivables.

The Financial Services Segment will continuously develop various investment products to meet the market’s demand. At the same time, the Segment is also proactively preparing to launch dark pools and US stock trading systems; and expand the sales and business teams to support our business development. Therefore, the Segment is expected to achieve stable business growth in the second half of 2022.

The EP Segment

With the steady growth of copper price and continuing increased scale and established suppliers’ network of during 1H2022, the EP Segment generated revenue of approximately HK$356.1 million, representing an increase of approximately 38.7%. The segment profit for the EP Segment in 1H2022 was HK$12.0 million.

Looking forward, amidst the market uncertainties, the Group will continue to exercise extreme cautions in the operations of the EP Segment with a view to controlling operating costs, minimising the credit risk exposures, and expanding the customers base of the segments by strengthening their competitive edges among their competitors. The Group is looking into alternatives such as deploying additional operation points in Kyushu, Japan to meet the economy recovery after the COVID-19 pandemic for sustain growth of the EP business.

Mr. Bryan Lin Xiaohui, Chairman of Realord Group said, “Grenada project has now initially achieved results and the Group believes the promising prospects in Latin America and the Caribbean Region. Thus we will actively utilise the market synergy to fortify our leading position of the Group in the region, in order to maximise the return to our Shareholders and Investors.”
Hashtag: #RealordGroup

The issuer is solely responsible for the content of this announcement.

About Reaload Group Holdings Limited

Realord Group Holdings Limited (“Realord Group) is principally engaged in various segments including Property Investment, Financial Services (including corporate finance advisory, asset management, securities brokerage services, margin financing and money lending), Environmental Protection (mainly dismantling and trading of scrap materials), Distribution and Sale of Motor Vehicle Parts, Department Store. In recent years, the Group has commenced the Latin American & Caribbean Segment, in which is carrying out a development project in Grenada. The Project involves the development of a mixed property project consisting educational facilities, apartments for student, residential properties, hotel and resort facilities, commercial development and shopping facilities and in a longer plan university establishment(s) and related amenities. The Group plans to commence property development and investment business in the Republic of Panama.

Sales Volume of Novus in Canada Soared by Nearly 60% Oil and By-product Trading Business in the PRC Affected by Lawsuits

Financial Highlights:

• Overall revenue amounted to approx. HK$9.34 billion (1H2021: approx. HK$10.21 billion)
• The upstream oil and gas production business in Canada, Novus’s sales volume of oil and gas amounted to 322,754 barrel of equivalent, which represented an increase of 59.4% yoy; contributed income of approx. 205 million (1H2021: approx. HK$75.3 million)
• Revenue of the oil and by-product trading business in the PRC amounted to approx. HK$9.13 billion (1H2021: approx. HK$10.13 billion)

HONG KONG SAR – Media OutReach – 26 August 2022 – Yanchang Petroleum International Limited (“Yanchang Petroleum International” or the “Company”, together with its subsidiaries, the “Group”; Stock code: 346.HK) today announced its unaudited consolidated interim results for the six months ended 30 June 2022 (“period under review”).

During the period under review, the Group’s overall revenue reached approximately HK$9.34 billion (1H2021: HK$10.21 billion). Benefitted from the higher commodity prices as well as increased production volume, Novus Energy Inc. (“Novus”) contributed an income of approximately HK$205 million (1H2021: approx. HK$75.3 million) during the period under review. Net income in the first half of the year was CAD8.13 million (approximately HK$49.4 million), nearly the double of the same period last year. In addition, the revenue of oil and by-products trading business in the PRC was HK$9.13 billion as compared to HK$10.13 billion from the corresponding period last year. Although Henan Yanchang Petroleum Sales Co Ltd (“Henan Yanchang”) performed well and remained profitable during the period under review, Yanchang Petroleum (Zhejiang FTZ) Ltd. (“Yanchang Zhejiang”) has been involved in a number of pending litigations, which offset the sales growth brought by Novus, resulting in a loss of approximately HK$35.8 million for the period under review. Stripping off the Yanchang Zhejiang operation which was suspended for certain months due to litigations during the period under review, the Group’s performance in other operations recorded considerable improvements.

Upstream Oil and Gas Production Business in Canada

In the first half of 2022, Novus engaged in the business of exploration, exploitation and production of crude oil and natural gas in Western Canada, with overall operation remaining stable. During the period under review, sales volume of oil and gas increased by 59.4% year-on-year to 322,754 barrel of equivalent, contributed a revenue of approximately HK$205 million, representing an increase of 172% year-on-year. The net revenue per barrel reaching a record high of CAD25.2 per barrel.

By making reference to market analysis, Novus reasonably adjusted its inventory and implemented development programmes. Through advanced planning and maintaining good relationships with service providers, Novus brought together its capital resources to purchase oil casing in advance which achieved cost savings. During the period under review, operating expenses in Novus’s well fields were CAD6.18 million, with average operating costs of CAD19.2 per barrel, representing a decrease of 15.5% year-on-year.

Downstream Oil and By-product Sales Business in the PRC

During the period under review, Henan Yanchang sold a total of 1.76 million tonnes of refined oil products cumulatively and achieved an operating revenue of RMB7.35 billion. In the first half of the year, Henan Yanchang leveraged its oil depot resources and established cooperation with Shaanxi Xing Hua and Sinofert Henan, respectively, adding new profit drivers. In addition, Henan Yanchang also entered into cooperation with a number of listed and premier companies such as Hunan Guochu for storage, and successfully became a supplier of refined oil products in the Hunan high-speed service region. In the first half of 2022, the cumulative sales volume of Henan Yanchang in the Hunan and Hubei markets amounted to 95,400 tonnes, with sales revenue of approximately RMB800 million. However, the processing business of Yanchang Zhejiang came to a halt due to litigations of its processing plant in the first half of the year, it is actively handling and striving to resolve the litigation issue currently.

Mr. Feng Yinguo, Chairman of Yanchang Petroleum International, concluded, “In the second half of 2022, the geopolitical crisis is anticipated to take a positive turn. The Organization of Petroleum Exporting Countries (OPEC) is expected to maintain its strategy of raising oil production, or even plans to adjust upward the production level. Given that the US interest rate hikes will put the global economic growth under pressure, the outlook for the international crude oil market will be gloomy. Yanchang Petroleum International will seize the opportunity in times of high oil prices to accelerate its growth in production in an efficient and effective manner and strengthen risk management. The Group will also adhere to the development strategy of ‘focusing on both production and trading, equal emphasis on oil and gas and new energy’, striving to become a first-class integrated green and low-carbon energy service provider.”

Hashtag: #YanchangPetroleum

About Yanchang Petroleum International Limited (Stock code: 346.HK)

Yanchang Petroleum International is principally engaged in the following activities (i) exploration, exploitation, and operation of oil and gas; and (ii) fuel oil trading and distribution. In its upstream operations, Yanchang Petroleum International possesses operating oilfields in Saskatchewan and Alberta, Canada, through its wholly owned subsidiary Novus Energy Inc., a Canadian enterprise. Novus engages in the business of acquiring, exploring for, developing and producing crude oil and natural gas. In its downstream operations, Yanchang Petroleum International is principally engaged in wholesale, retail, storage and transportation of oil products through its 70% owned subsidiary, Henan Yanchang Petroleum Sales Co., Limited, and which has been granted valid licenses for distribution and sales of oil products in China. The Group also established oil products trading companies in Zhoushan, Zhejiang and Shenzhen, China, respectively, for expanding its oil products trading business which become a new profit driver.

For details, please refer to http://www.yanchanginternational.com

• Recorded revenue of HK$10,402.8 million, representing a growth of 111.1% YOY
• Recorded a profit of HK$214.9 million, the turnaround in the Group’s profitability was primarily attributable to the operating profits generated by NTEC, the Group’s wholly owned Canadian oil and gas subsidiary, and higher energy commodity prices during the period
• Earnings per share were HK2.45 cents
• Operates over 800 active wells in Canada with current average daily oil and gas production of over 12,700 boe per day (95% natural gas)
• The Group has set up vertical farming operations at Discovery Park and it is expected to commence operations in 2023
• The Group is exploring ways to work with local authorities and governing bodies to achieve the common goal of net zero emissions, through eco-investment opportunities such as Blue & Green Hydrogen and Carbon Capture, Utilization and Sequestration

Financial Highlights

HONG KONG SAR – Media OutReach – 26 August 2022 – New Times Energy Corporate Limited (“the Company” or “New Times Energy”, together with its subsidiaries, the “Group”, HKSE stock code: 166) announced its annual results for the six months ended 30 June 2022. During the period, the Group recorded total revenue of HK$10,402.8 million (2021 first half: HK$4,928.6 million), representing a growth of 111.1% year-on-year, and recorded a profit of HK$214.9 million (2021 first half : loss of HK$21.7 million). The turnaround in the Group’s profitability was primarily attributable to the operating profits generated by NTE Energy Canada Ltd. (“NTEC”), the Group’s wholly owned Canadian oil and gas subsidiary, and higher energy commodity prices in the first half of 2022.

During the periord, earnings per share were HK2.45 cents (2021 first half: loss of HK0.25 cents per share).

BUSINESS REVIEW

CANADA

Greater Sierra Area, Horn River Basin, Wapiti and Willesden Green

The Group’s Canadian oil and gas assets, consisting over 800 active wells and spanning approximately 761,000 acres (3,080 km2) of land. During the six months ended 30 June 2022, NTEC’s average daily oil and gas production was approximately 12,700 boe per day (95% natural gas) and the average realized price was C$38.7 per boe. Optimization programs to enhance production rates of NTEC’s existing wells have demonstrated positive results in the first half of 2022, with the Group anticipating continued material increases in production, revenues and profits in the coming year. Drilling of NTEC’s 6 development wells commenced in June 2022 which will further enhance the financial performance of the Group towards the fiscal year end of 2022.

Meanwhile, the Group is exploring ways to work with local authorities and governing bodies to achieve the common goal of net zero emissions, through eco-investment opportunities such as Blue & Green Hydrogen and Carbon Capture, Utilization and Sequestration (“CCUS”).

Discovery Park

The Group operates Discovery Park at Campbell River, British Columbia, providing industrial land parcels, buildings, and warehouses for businesses to lease. The multi-use site is currently leased to tenants in industries including but not limited to green data centres, modular construction, marine services, and steel fabrication. The Group has already engaged the services of a world-renowned consulting group, Stantec Inc., to provide a master plan for a complete redevelopment of Discovery Park into a green-tech hub to attract new tenants that align with the Group’s ESG mandate. The site is an ideal candidate for aquaculture as well as green hydrogen, given the low-cost electricity on site and ample supply of ocean and fresh water. The Group is actively exploring ways to bring such projects to fruition through support and cooperation from local and federal government.

On 25 June 2022, the Group signed a definitive agreement with CubicFarm Systems Corp. (TSX:CUB) to set up vertical farming operations at Discovery Park. When the vertical farming commences operations in 2023, the Group anticipates that over a million kilograms of green vegetables will be produced monthly.

ARGENTINA

In Argentina, the Group is experiencing a significant positive cash flow from operation of approximately HK$40.5 million, although the financial statements at local level still reflect a net deficit of approximately HK$17.7 million, due primarily to the effects of depreciation, foreign exchange losses and deferred tax charges. Monthly cash surpluses from the Argentina operation are being repatriated.

COMMODITIES TRADING

During the six months ended 30 June 2022, the Group’s physical gold and silver trade business managed a total trading volume of HK$9,813.7 million. However, net margin for the period was reduced by the fixed costs incurred from the delayed opening of the Group’s new precious metals refinery in Hong Kong. Due to global supply chain issues, hindering the timely delivery and installation of specialized equipment at the plant, the target commencement date of operation for the Group’s refinery of gold, silver and other precious metals is now deferred to October 2022.

The Group believes that the business of commodity trading of precious metals will restore to profitability, once the new gold and precious metals refinery is operational. By bringing the refining process in-house, the Group anticipates higher margins in the long term.

Looking ahead, Mr. CHENG, Kam Chiu Stewart Chairman of the Group said, “As recent global events have demonstrated, the necessity for stable energy sources like oil and gas while the world transitions to renewables will remain strong. NTEC has an inventory of no less than 12 highly economic drilling locations within its lands that will augment existing cashflow. The optimization program of the NTEC’s existing wells will also have positive effects on the profitability and cashflow in the Group’s oil and gas segment. The Group is particularly optimistic about the potential for involving in activities that will significantly reduce carbon emissions with a goal of achieving net-zero. We are prepared and excited about our ability to create long term value for our shareholders. ”
Hashtag: #NewTimesEnergy

About New Times Energy Corporation Limited

New Times Energy Corporation Limited (HKSE stock code: 166), headquartered in Hong Kong, is an international resource company that operates natural gas weighted assets in Alberta and British Columbia and is taking steps to transform its business model into clean and sustainable energy, in its effort to be a part of the global “Energy Transition” that is underway, with social responsibility towards the environment and climate change at the forefront.