China Hanking Holdings Limited provided unaudited consolidated earnings guidance for the twelve months ended 31 December 2021. Based on a preliminary assessment by the company's management on the unaudited consolidated management accounts of the Group for the twelve months ended 31 December 2021, the board of directors of the Company informed the shareholders of the Company and potential investors that the Group is expected to record a significant increase of approximately 72% in its profit for the Year 2021 to approximately RMB 650,000,000 as compared to the profit for the year ended 31 December 2020. The significant increase in profit for the year was mainly attributable to the increase in the gross profit of high-purity iron per metric ton and the increase in the gross profit of iron ore concentrates per metric ton due to the rise in the average selling price.