West China Cement Limited provided preliminary unaudited consolidated group earnings guidance for the six months ended June 30, 2022. For the six months, the company expected that the group's net profit attributable to the Shareholders will decrease by approximately 40% to 45% for the six months ended 30 June 2022 as compared to the six months ended 30 June 2021 due to the following reasons: The Group recorded a foreign exchange gain of RMB 27.5 million during the six months ended 30 June 2022, which mainly related to the translation of other long-term payable from United States Dollar ('USD') to Meticais ('MZN') as well as the exchange difference incurred on intercompany balances between various subsidiaries within the Group with different functional currencies. This is compared with a foreign exchange gain of the Group of RMB 347.3 million for the six months ended 30 June 2021; The Group recorded a significant gain on disposal of an associate for the six months ended 30 June 2021 in the amount of RMB 79.3 million.

The Group currently does not expect to record similar significant gain on disposal of an associate for the six months ended 30 June 2022; and There was an increase of finance costs of RMB 73.3 million during the six months ended 30 June 2022 mainly arising from the five-year senior notes with an aggregated principal amount of USD 600,000,000 due in 2026 (the 'Senior Notes') issued by the Company in July 2021.