China Vanadium Titano-Magnetite Mining Company Limited provided consolidated earnings guidance for the year ended December 31, 2023. For the period, it is expected that the Group will record profit attributable to the owners of the Company of not more than approximately RMB 10.0 million, as compared to that of approximately RMB 1.3 million for the year ended 31 December 2022. Based on the information currently available to the group, the expected improvement in the group's financial results for fiscal year 2023 compared to that of fiscal year 2022 was mainly attributed to the combined effect of the following: higher sales volume of high-grade iron concentrates and trading due partly to business recovery momentum in China during first half of 2023; full-year revenue contribution from the facility management segment in fiscal year 2023, which included higher revenues from the expansion of service scopes; and full-year guarantee fees income, as recognised under the Master Guarantee Agreement.