China Hanking Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2022. Based on a preliminary assessment by the Company's management on the unaudited consolidated management accounts of the Group for the six months ended 30 June 2022, the board of directors of the Company (the "Board") informed the shareholders of the Company and potential investors that the Group is expected to record a decrease of approximately 88% in its profit for the first half of 2022 to approximately RMB 39,000,000 as compared to the profit of RMB 319,354,000 for the six months ended 30 June 2021, which is mainly attributable to: a smelting plant of the high-purity iron business has discontinued production due to the impact of power limitation, Winter Olympic Games, Paralympic Games, the pandemic and other factors, resulting in a drop in high-purity iron production and a significant year-on-year increase in cost per ton. As at the date of this announcement, the smelting plant has resumed its normal production; due to the closure of Aoniu Mine, iron ore concentrate output recorded a year-on-year decrease; and the iron ore business is temporarily paying enterprise income tax at a rate of 25% as its national high and new technology enterprise qualification is expired and a new application is still pending for approval.