Feishang Anthracite Resources Limited provided earnings guidance for the six months ended June 30, 2022. For the period, the company to record increase in revenue of approximately 50% to 60% from the revenue of CNY 447.9 million for the corresponding period in 2021; and increase in gross profit of approximately 100% to 140% from the gross profit of CNY 124.3 million for the corresponding period in 2021. The increase in revenue and gross profit for the six months ended 30 June 2022 was mainly attributable to the notable rebound in coal market sentiment in mainland China, which led to an increase in the average selling price and sales volume of anthracite coal.

Despite the above, the Group's operations were still affected by the geological complexities of current mining faces, a significant proportion of coal products being sold to power plants at regulated price, and the stringent safety and environmental regulatory environment. Therefore, if not considering the lumpsum gain of approximately CNY24 million to CNY31 million from the disposal of Guizhou Nayong Dayuan Coal Mining Co. Ltd. during the six months ended 30 June 2022, the Group would still expect to record consolidated loss attributable to the owners of the parent for the six months ended 30 June 2022.