South Manganese Investment Limited provided earnings guidance for the six months ended June 30, 2022. For the period, the company expected to record a profit attributable to owners of the parent of not less than HKD 450.0 million for the Period, representing an increase of over 1,900% as compared to profit attributable to owners of the parent of HKD 22.1 million for the six months ended 30 June 2021. The improvement in the performance of the Group's profit attributable to owners of the parent is primarily due to the following reasons: Despite the overall market prices of the Group's major products, including electrolytic metal manganese and electrolytic manganese dioxide fell in second quarter of 2022, market prices reached the historical high level in the first quarter of 2022, resulting in much higher unit sales prices for the Period compared to last year; and The improvement in gross profit margin due to ramping up of production during the Period and increase in sales volume of Gabon ores.