The board of directors of the China Resources Cement Holdings Limited informed the shareholders of the Company and potential investors that, based on the preliminary assessment of the Group's unaudited consolidated management accounts for the year ended 31 December 2022, the Group's profit attributable to owners of the Company for the year ended 31 December 2022 is expected to decrease by approximately 74% to 78% as compared with the year ended 31 December 2021, primarily attributable to: (1) the increase in unit costs of sales of cement products of the Group in 2022 as compared with 2021; (2) the lower sales volume of the Group's products in 2022 as compared with 2021; and (3) the lower average selling prices of cement and clinker in the regions where the Group has business operation in 2022 as compared with 2021.