Jinchuan Group International Resources Co. Ltd. provided earnings guidance for the year ending 31 December 2019. The Group is expected to record a substantial decrease in profit attributable to shareholders of the Company for the year ending 31 December 2019 as compared to approximately USD 66,930,000 for the year ended 31 December 2018. The decrease is primarily attributable to the payment obligation on the part of Ruashi Holdings and Ruashi Mining under the Settlement Agreement. In addition, the Group strategically slowed its sale of cobalt in 2019 and the materially lower prices for copper and cobalt in 2019 as compared to 2018. Accordingly, the revenue of the Group is expected to be significantly lower in 2019 as compared to 2018.