InterContinental Aerospace Technology Group Limited (the “Company”) announces its annual results for the year ended 31 December 2023. During the reporting period, the company's revenue was approximately RMB593.5 million, down approximately 6.6% compared to the same period in 2022. Gross profit increased significantly by 148.8% to approximately RMB64.7 million. However, the Company's annual loss increased to approximately RMB211.1 million by equity holders during the reporting period, with a basic and diluted loss per share of RMB68.19. The company is under pressure to exceed current liabilities of around RMB339.3 million in current assets and has to cope with challenges such as late rent payments and significant capital expenditure commitments. Management is exploring different financing options to improve the financial situation.

InterContinental Aerospace Technology Group Limited (the “Company”) announces its annual results for the year ended 31 December 2023. During the reporting period, the company's revenue was approximately RMB593.5 million, down approximately 6.6% compared to the same period in 2022. Gross profit increased significantly by 148.8% to approximately RMB64.7 million. However, the Company's annual loss increased to approximately RMB211.1 million by equity holders during the reporting period, with a basic and diluted loss per share of RMB68.19. The company is under pressure to exceed current liabilities of around RMB339.3 million in current assets and has to cope with challenges such as late rent payments and significant capital expenditure commitments. Management is exploring different financing options to improve the financial situation.