Gelonghui, March 27, 丨 Gaopeng Mining (02212.HK) announced its annual results for the year ended December 31, 2023. Revenue increased by 21.69% to approximately RMB 77.74 million. Losses attributable to company owners increased by 121.09% to approximately RMB 19.6 million. Basic and diluted loss per share was RMB 2.23 cents (2022: RMB 1.01 points). The directors proposed not to pay a final dividend for the year ended 31 December 2023 (2022: none).

In the fiscal year, the Group is undergoing the mining license renewal process and is preparing to expand the Yiduoyan project. As a result, the Group did not carry out excavation work and did not produce or sell marble waste. As a result, the Marble Waste Division did not generate revenue in the fiscal year (FY 2022: approximately RMB 7,560,000).