China Hongqiao Group Limited ("China Hongqiao") issued a positive profit forecast on June 13, 2024, expecting a 220% increase in net profit for the first six months of 2024 compared to the same period in 2023. This expected growth is mainly due to the rise in aluminum product prices and sales volume, as well as the decrease in the procurement prices of major raw materials such as coal and anode blocks. The company stated that the net profit for the first half of 2023 was approximately RMB 2.972 billion, while the second half reached approximately RMB 9.526 billion, indicating a lower base for the net profit in the first half of the year. The board of directors made a preliminary assessment based on unaudited comprehensive management accounts for the five months ending May 31, 2024 and will announce detailed mid-term performance by the end of August 2024. Investors should exercise caution when trading shares.

China Hongqiao Group Limited ("China Hongqiao") issued a positive profit forecast on June 13, 2024, expecting a 220% increase in net profit for the first six months of 2024 compared to the same period in 2023. This expected growth is mainly due to the rise in aluminum product prices and sales volume, as well as the decrease in the procurement prices of major raw materials such as coal and anode blocks. The company stated that the net profit for the first half of 2023 was approximately RMB 2.972 billion, while the second half reached approximately RMB 9.526 billion, indicating a lower base for the net profit in the first half of the year. The board of directors made a preliminary assessment based on unaudited comprehensive management accounts for the five months ending May 31, 2024 and will announce detailed mid-term performance by the end of August 2024. Investors should exercise caution when trading shares.