Hidili Industry International Development Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2023. For the period, the company expects incur a loss of approximately RMB20 million during the Relevant Period as compared to the profit for the period of approximately RMB450 million for the six months ended 30 June 2022. The loss is mainly attributable to: (i) due to the fluctuation in the coal market, both the average selling price and sale volume of clean coal, the principal product of the Group, decreased by approximately 30% and 14% respectively; and (ii) production costs of clean coal increased by approximately 20% as compared to the corresponding period of last year.