About GREEN ENERGY GP Company

Financial performance In fiscal year 2013, the Group's total revenue was approximately HK$1,600,000 (FY 2012: HK$1,000,000), an increase of approximately 60% over the year ended 31 December 2012 (“Fiscal Year 2012”). The main reason for the increase was the increase in revenue from the construction waste business. Further details on the financial analysis for the 2013 fiscal year are set out in the Management Discussion and Analysis section of this report. Annual review and outlook for continuing operations (a) Biocleaning products As in previous fiscal years, all revenue from this business segment in fiscal year 2013 was derived from sales in Hong Kong, China. The Group will continue to develop its Hong Kong business, while also promoting and expanding its business to overseas markets. Plans to sell to overseas customers and gain market popularity are already in place, and the Group will continue to explore business opportunities outside Hong Kong, China. (b) Construction waste The recycling business was suspended in FY2012 due to serious damage to a major crushing and recycling facility. Maintenance of the equipment was completed in the second half of 2012, so the performance of this segment in fiscal year 2013 has improved. As the Group is still building up its customer base, this segment is not expected to grow significantly in the coming year. (c) Generators In fiscal year 2012, the Group's 15KW liquid propane generator equipped with advanced electronic control components can be put on the market at any time. The Group has submitted a tender to a telecommunications company in the People's Republic of China (“China”), but the results of the tender are still pending. (d) Renewable energy The Group has terminated all activities at the Xiaogirizi Plantation and has begun concentrating resources on producing biodiesel from different raw materials. The Group has placed orders with well-known Portuguese suppliers to manufacture and supply new biodiesel processing plants and deliver them to the Group. The new plant is expected to enhance business growth and opportunities for the Group in this business segment. Business has been discontinued Recyclable plastics and related services In 2007, the Group leased a plot of land to operate recyclable plastics and related services. The lease expires on June 30, 2013. After the expiration of the lease agreement, after evaluating the commercial viability of the project, the Group decided to terminate the recycled plastics business and services and provide other corresponding supporting services. The main reason for the termination of operations was that the Chinese authorities imposed strict controls on imports of recyclable plastics from Hong Kong, China to mainland China. The board of directors and management believe that the controls and measures taken by the relevant Chinese authorities are unlikely to be relaxed or changed in the foreseeable future. Future prospects The Group will continue to conduct existing business and strictly control expenses, while also striving to explore new local and overseas business opportunities. The directors believe that the performance of the current business will improve over time, and they hope that revenue can increase over the next few years. The Group will continue to explore attractive investment opportunities in order to bring positive cash flow and profit to the Group.