CGN Mining Company Limited provided group earnings guidance for the six months ended 30 June 2022. Based on a preliminary review by the management of the company on the unaudited consolidated management accounts of the Group for the six months ended 30 June 2022, the board of directors of the company informed the shareholders of the company and potential investors that the Group is expected to record an increase in net profit from approximately HKD 36 million for the six months ended 30 June 2021 to approximately HKD 340 million to HKD 360 million for the six months ended 30 June 2022. Based on currently available information, the increase in net profit for the six months ended 30 June 2022 as compared to the corresponding period in 2021 was mainly attributable to increase in gross profit from natural uranium trading as a result of increase in trading price spread; increase in natural uranium prices resulting an increase in share of results of a joint venture from Semizbay-U Limited Liability Partnership; and addition of share of results of an associate from Mining Company "ORTALYK" LLP following the completion of acquisition of 49% interest in Ortalyk in
July 2021.