Huaibei GreenGold Industry Investment Co., Ltd. provided earnings guidance for the year ended December 31, 2023. For the period, the company expected that the profit attributable to equity shareholders of the Company for the Period will be decreased by approximately 40% to 60% as compared with that of the year ended 31 December 2022. Such a decrease is primarily due to (i) the decrease in average selling prices of (a) aggregate products and others and (b) concrete products of the Group during the Period as compared with that of the year ended 31 December 2022; (ii) the decrease in sales volume of (a) aggregate products and others and (b) concrete products of the Group during the Period as compared with that of the year ended 31 December 2022; and (iii) the increase in administrative expenses during the Period as compared with that of the year ended 31 December 2022, primarily due to the increase in third-party service fees.