The board of directors of the Xinjiang Xinxin Mining Industry Co., Ltd. announced that the shareholders of the Company (the "Shareholders") and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2021 (the "Year"), the Group expects to record a net profit for the Year amounting to approximately RMB 491.08 million as compared to the net profit of approximately RMB 179.17 million for the year ended 31 December 2020, representing an increase of approximately 173.88%.