China Daye Non-Ferrous Metals Mining Limited provided earning guidance for six months ended 30 June 2023. The board of directors of the Company informed the shareholders (the "Shareholders") and potential investors of the Company that based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2023 and the information currently available to the Board, the Group is expected to record a substantial increase in net profit. The Board considers that the anticipated increase in net profit of the Group for six months ended 30 June 2023 compared with same period of last year is mainly attributable to the fact that (i) in the first half of 2023, the 400,000 tonne project of the Company was successfully put into production which improved the profitability, and (ii) production at major self-owned mines was gradually resumed.

In view of the above, the Board expects that the revenue for the six months ended 30 June 2023 will be amounted to approximately RMB 21,168,130,000 (2022: approximately RMB 17,954,200,000), representing an increase of approximately 17.90% compared with same period of last year. Net profit for the period is expected to be approximately RMB 84,298,000 (2022: approximately RMB 26,090,000) representing an increase of approximately 223.10% compared with same period of last year.