Aowei Holding Limited provided group earnings guidance for the six months ended 30 June 2019. The board (the "Board") of directors (the "Directors") of the Company informed the shareholders of the Company (the "Shareholders") and potential investors that, based on the Company's preliminary review of the latest unaudited consolidated management accounts of the Group, it is expected that the Group will record a net profit after tax of approximately RMB 60.0 million to RMB 80.0 million for the six months ended 30 June 2019 (the "Reporting Period"), representing an increase of approximately 20.2% to 60.3% as compared to that of the corresponding period in last year. The major reasons for the increase in net profit after tax of the Group for the Reporting Period are that the average selling price of iron ore concentrates of the Group during the Reporting Period increased as compared to that of the corresponding period in last year, and the decrease in the asset impairment loss recorded by the Group during the Reporting Period as compared to that of the corresponding period in last year.