Sino oil & gas Limited ("the Company")'s interim report for the six months ended 30 June 2024 shows that the Company and its subsidiaries ("the Group") recorded a turnover of approximately HK$201,672,000, an increase from HK$158,069,000 in the same period of 2023. Among them, sales revenue from the Sanjiao Coalbed Methane project was about HK$165,726,000, revenue from coal washing and selection business was about HK$35,145,000, and revenue from financial services business was about HK$801,000. Despite significant financing cost pressure of approximately HK$127,505,000 faced by the Group, the stable growth brought by the Sanjiao Coalbed Methane project resulted in an EBITDA of approximately HK$154,943,000, leading to the Group recording a net loss of approximately HK$47,641,000. In addition, the Group is actively undergoing debt restructuring to improve the liquidity situation. The board of directors believes that through the completion of the restructuring actions, the Group will be able to address the issue of cash flow tightness and fulfill financial obligations.

Sino oil & gas Limited ("the Company")'s interim report for the six months ended 30 June 2024 shows that the Company and its subsidiaries ("the Group") recorded a turnover of approximately HK$201,672,000, an increase from HK$158,069,000 in the same period of 2023. Among them, sales revenue from the Sanjiao Coalbed Methane project was about HK$165,726,000, revenue from coal washing and selection business was about HK$35,145,000, and revenue from financial services business was about HK$801,000. Despite significant financing cost pressure of approximately HK$127,505,000 faced by the Group, the stable growth brought by the Sanjiao Coalbed Methane project resulted in an EBITDA of approximately HK$154,943,000, leading to the Group recording a net loss of approximately HK$47,641,000. In addition, the Group is actively undergoing debt restructuring to improve the liquidity situation. The board of directors believes that through the completion of the restructuring actions, the Group will be able to address the issue of cash flow tightness and fulfill financial obligations.