Jinchuan Group International Resources Co. Ltd. provided consolidated earnings guidance for the six months ended 30 June 2020. The Group is expected to record a loss attributable to the shareholders of the Company of not more than USD 30.0 million in 2020 first half as compared to a profit attributable to the shareholders of the Company of USD 4.2 million in 2019 first half. The loss attributable to shareholders is mainly attributable to the following factors: Lower price for copper in 2020 first half as compared to the 2019 first half with average market copper price decreased by approximately 11.0%, leading to a drop in revenue. Also, as a result of lower copper price as compared to the fourth quarter of 2019, there is a downward adjustment to the provisional sales price previously recognised. As mentioned in the Announcement and the Company's announcement dated 8 May 2020, the Group has decided to send copper concentrate produced by their Kinsenda Mine to a local smelter for processing into copper blister starting from March 2020. Although the refinery process initially will cause a temporary disruption in the sales of copper products by Kinsenda for the months of March and April 2020 and will cause an increase in the processing fees and transportation cost, it will in the long run enhance the copper products of Kinsenda and the Group will be benefited from the increased sales prices. Due to the additional time required for processing copper concentrate to copper blister, no sales was recorded by Kinsenda in March and April 2020. Kinsenda has started selling copper blister to international market in May 2020. Cancellation of GHL's Investment Return amounted to approximately USD 817,000. Provision made for the taxable foreign exchange gain. Impairment loss.