The board of directors of Xingfa Aluminium Holdings Limited informed the shareholders of the Company and potential investors that the Group is expected to record a net profit attributable to equity shareholders of the Company of not less than RMB 780.0 million for the year ended 31 December 2023 as compared to a net profit attributable to equity shareholders of the Company of approximately RMB 457.8 million for the year ended 31 December 2022. The Board believes that such increase in net profit was primarily attributable to the decrease in provision of impairment loss on trade and other receivables in FY2023 and increase in sales orders of the Group in FY2023.