The board of directors of Shandong Gold Mining Co., Ltd. informed the shareholders and potential investors of the Company that, based on the preliminary review and assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2021 prepared pursuant to China Accounting Standards for Business Enterprises, the Group expects to record a total profit for the 2021 Year; (ii) it is expected that the net loss attributable to Shareholders is in the range of approximately RMB 190 million to RMB 285 million, representing a decrease of RMB 2,236 million to RMB 2,331 million as compared with net profit attributable to Shareholders for the year ended 31 December 2020 (the "2020 Year") (after retrospective adjustments) of RMB 2,046 million, or a decrease of 109% to 114% year-on-year; and (iii) after excluding non-recurring profit or loss items, it is expected that the net loss attributable to Shareholders for the 2021 Year is in the range of approximately RMB 510 million to RMB 650 million, representing a decrease of RMB 2,866 million to RMB 3,006 million as compared with the Year 2020 (after retrospective adjustments) of RMB 2,356 million, or 121% to 128% year-on-year. Main Reasons for the Expected Net Loss Attributable to Shareholders in the 2021 Year: Impact of principal business - Effect of non-recurring profit or loss.