CGN Mining Company Limited provided group earnings guidance for the year ended 31 December 2022. For the year, based on a preliminary review by the management of the Company on the unaudited consolidated management accounts of the Group for the year ended 31 December 2022 (the ‘Management Accounts'), the board of directors of the company announced that the group is expected to record an increase in net profit from approximately HKD 178 million for the year ended 31 December 2021 to approximately HKD 500 million to HKD 530 million for the year ended 31 December 2022. Based on currently available information, the increase in net profit of the Group for the year ended 31 December 2022 as compared to the corresponding period in 2021 was mainly attributable to (1) increase in gross profit from natural uranium trading as a result of increase in trading price spread; (2) increase in natural uranium prices resulting in an increase in share of results of a joint venture from Semizbay-U Limited Liability Partnership; and (3) a significant increase in share of results in 2022 of an associate from Mining Company ‘ORTALYK' LLP (‘Ortalyk') as compared to the corresponding period of 2021 following the completion of acquisition of 49% interest in Ortalyk in July 2021.