Media Update, page-3136

Hi Matty, just to add to what @ywtoh mentioned above.

I too believe the 2Q 4C will be a muted one, or worse still, could be disappointing. Just to pick a few expected items that are likely to come in 2Q:

1. Ivory Coast;
2. The 24 SUBRE Towers in Anhui for our first MABR Plant Upgrade which was scheduled to install and commission in 2Q (about $900k);
3. We should start to see perhaps $100k or so inflow from the maintenance contract awarded in May in Panjin Liaoning;
4. After about a year since commissioning PS2 and PS1 in Sihanoukville in May 2021, we should be receiving the balance of the retention sum.

Revenue from the US government $1.9m contract will only come near the end of Q3, so not this Q.

I too expect China in general would be very quiet, just hoping for some positive surprises from the Middle East or South America. Anything from USA and the Caribbean would be fantastic, but just hopeful.

I would wish to see some clearer commitments from Tom and the management in the operational update.