The board of directors of Jinchuan Group International Resources Co. Ltd. provided that the Group is expected to record a profit attributable to the shareholders of the Company ("Attributable Profit") for the six months ending 31 December 2020 ("2020 second half") as compared to the unaudited loss attributable to shareholders of the Company of approximately US$28.3 million for the six months ended 30 June 2020 ("2020 first half"). The estimated increase in Attributable Profit in 2020 2H as compared to 2020 first half is mainly attributable to the following factors: The significant increase in market copper price in 2020 second half. Higher prices for copper in the first five months of 2020 2H as compared to the 2020 1H with market copper prices risen by approximately 21.4%, leading to a significant increase in revenue. Also, as a result of higher commodity price as compared to the second quarter of 2020, there has been an upward adjustment to the provisional sales price previously recognised. Partial reversal of impairment loss recognised in 2020 first half. As detailed below, the Group has decided to put the operation in the Republic of Zambia ("Zambia") under care and maintenance since July 2020 and has made a full provision of impairment losses of US$8.6 million to the remaining balance of the property, plant and equipment of the Zambia operation in 2020 first half. Due to the rebound of copper price in 2020 second half and the successful entrance of the Lease Agreement, the Group is able to partially recoup the investment cost of the Group's Zambia assets and has partially reversed in 2020 second half the impairment losses recognised in 2020 first half.