Shandong Gold Mining Co., Ltd. provided earnings guidance for the nine months ended September 30, 2023. For the period from 1 January 2023 to 30 September 2023, The company announced that, based on the preliminary review and assessment of the unaudited consolidated management accounts of the group for the nine months ended 30 September 2023 (the ?First Three Quarters of 2023?) pursuant to China Accounting Standards for Business Enterprises: After preliminary calculation, the company expects to realise an estimated net profit attributable to shareholders of the company in the range of RMB 1,200 million to RMB 1,400 million for the first three quarters of 2023, representing an increase of RMB 507 million to RMB 707 million, or 73.17% to 102.03% as compared with the corresponding period of the previous year. The main reasons for the expected profit in the results for the period: For the first three quarters of 2023, the company strengthened the role of strategic leadership, insisted on reform and innovation, strengthened the organization and management of production and steadily promoted the construction of intelligent mines to improve the production operation rate and resource utilization rate.

The Company deeply promoted the systematic cost reduction and efficiency enhancement work of "all employees, all positions, all factors and all processes" and deeply tapped the potential for cost reduction in various production and operation areas to improve operation efficiency. At the same time, the Company further strengthened the research and analysis team building, and carried out market tracking research to comprehensively enhance the ability of price research and judgement, grasp the price trend and take full advantage of high gold price, resulting in sales prices of gold better than those in the same period last year.