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New Times Energy issues profit alert and expects to post a profit of HK$200 to HK$220 million for first half of 2022

HONG KONG SAR - Media OutReach - 12 August 2022 - New Times Energy Corporation Limited (“the Company” or “New Times Energy”, together with its subsidiaries, the “Group”, HKSE stock code: 0166) is pleased to announce that, the Group expects to record a profit after tax of approximately HK$200 million to HK$220 million for the six months ended 30 June 2022 as compared to a loss of approximately HK$22 million for the same period in 2021.

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