APAC Resources Limited provided group earnings guidance for the six months ended December 31, 2021. The company expects financial results of the group for the six months ended December 31, 2021 (1H FY2022) will be adversely affected when compared with the financial results of the group for 1H FY2021 due to the followings: a reversal of impairment loss on interest in an associate of approximately HKD 580 million recorded in 1H FY2021 relating to the group's principal associate listed on the Australian Securities Exchange, Mount Gibson Iron Limited (MGX) which will not recur in 1H FY2022; and a decline in the share price of MGX which may lead to an impairment loss in respect of the group's investment in MGX.