Xingye Alloy Materials Group Limited provided earning guidance for the year ended 31 December 2021. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group, the profit attributable to the equity shareholders of the Group for the year ended 31 December 2021, is expected to increase by more than 80% as compared to that of RMB150.8 million for the year ended 31 December 2020. The improvement in the profitability for the Current Year is mainly attributable to the increase in copper price and sales volume of copper products during the Current Year.