China BlueChemical Ltd. provided earning guidance for the six months ended 30 June 2022. The board of directors of the Company informed its shareholders and potential investors that, based on information currently available, the Board expects the Group to record a net profit attributable to owners of the Company approximately from RMB 923 million to RMB 953 million for the six months ended 30 June 2022 as compared to the net profit attributable to owners of the Company of approximately RMB 1,246 million for the six months ended 30 June 2021. For the six months ended 30 June 2021, the net profit attributable to owners of the Company includes the gains from the disposal of the equity interests and the creditor's right in CNOOC Hualu Shanxi Coal Chemical Co.

Ltd. and the equity interests in Shanxi Hualu Yangpoquan Coal Mining Co. Ltd. (the ``Disposal'') of RMB 378 million, which led to the expected year-on-year decrease in the net profit attributable to owners of the Company for the six months ended 30 June 2022. Excluding the effect of the Disposal, the net profit attributable to owners of the Company for the six months ended 30 June 2022 is expected to increase year-on-year, which was primarily attributable to the increase in the prices of the Company's main products, such as urea, methanol, and phosphate fertilizes and compound fertilizers.