China Hanking Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2023. Based on a preliminary assessment by the Company's management on the consolidated management accounts of the Group for the twelve months ended 31 December 2023 (the "Year 2023"), the board of directors of the Company (the "Board") wishes to inform the shareholders of the Company ("Shareholders") and potential investors that as compared to the loss for the year ended 31 December 2022 of RMB 53,010,000, the Group is expected to achieve a turnaround from loss to profit and record a profit for the Year 2023 of not less than RMB 140,000,000, which is mainly attributable to i) an increase in the output and sales volume of iron ore concentrates; and ii) a year-on-year decrease in the loss for the year of high-purity iron business due to the reduction in cost of product per ton caused by the increase in the output and sales volume of high-purity iron in the case of continuous and steady production.