Shandong Gold Mining Co., Ltd. provided preliminary earnings guidance for the first half ended June 30, 2024. After preliminary calculation, it is estimated that the Company will realize a net profit attributable to the owners of the parent company of RMB 1,250 million to RMB 1,450 million for the first half of 2024, representing an increase of RMB 370 million to RMB 570 million as compared with the corresponding period of the previous year, or a year-on-year increase of 42.07% to 64.81%. It is expected that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be RMB 1,280 million to RMB1,480 million for the first half of 2024, representing an increase of RMB 399 million to RMB 599 million as compared with the corresponding period of the previous year, or a year-on-year increase of 45.21% to 67.89%.

In the first half of 2024, the Company strengthened the role of strategic leadership, emphasized production organization, continuously optimized production layout, and enhanced technical management and technological innovation to improve the production operation rate and resource utilization rate. The Company continued further efforts on cost reduction and efficiency enhancement, elevated the standard of meticulous management and operational efficiency and stabilized production costs through technological innovation, process optimization, asset revitalization, centralized procurement and creation of benefits with policies. In addition, the continued rise in gold prices in the first half of 2024 and the acquisition of Yintai Gold also contributed to an increase in the Company's profits.