CMOC Group Limited — Earnings Release 2022

Jul 14, 2022

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CMOC Group Limited[*]

(Stock Code: 03993)

INSIDE INFORMATION POSITIVE PROFIT ALERT

This announcement is made by CMOC Group Limited* (the “ Company ”) pursuant to Rules 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The board of directors of the Company (the “ Board ”) hereby informs the shareholders of the Company (the “ Shareholders ”) and its potential investors that, based on the preliminary estimation by the financial department of the Company, during the period of advance notice for results from 1 January 2022 to 30 June 2022:

1. It is estimated that the net profit attributable to shareholders of the Company for the first half of 2022 will increase by an amount between RMB1,566 million and RMB1,807 million, representing an increase between 65% and 75% as compared with the same period of last year; the estimated interval of the net profit attributable to the shareholders of the Company for the first half of 2022 was from RMB3,975 million to RMB4,216 million.

2. It is estimated that the net profit attributable to the shareholders of the Company after deduction of non-recurring loss/profit for the first half of 2022 will increase by an amount between RMB1,891 million and RMB2,158 million, representing an increase between 135% and 154% as compared with the same period of last year; the estimated interval of the net profit attributable to the shareholders of the Company after deduction of non-recurring loss/profit for the first half of 2022 was from RMB3,292 million to RMB3,559 million.

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The increase in the net profit attributable to shareholders of the Company for the first half of 2022 as compared with the same period of last year is mainly attributable to the following reasons:

1. The expansion and the technological transformation projects of the mining sector of the Company were successfully put into operation and reached production as scheduled, achieving a significant increase in the output of major products as compared with the same period of last year. According to the preliminary statistics of the Company, for the first half of 2022, the output of copper (TFM+NPM80%) was approximately 136,662 tons, representing an increase of 24.5% as compared with the same period of last year; the output of cobalt was approximately 10,368 tons, representing an increase of 47.9% as compared with the same period of last year; and the output of niobium was approximately 4,627 tons, representing an increase of 17.2% as compared with the same period of last year.

2. The Company seized the good opportunity of the rising market prices of major products, and achieved a significant increase in the sales price of major products of the Company.

3. The Company continued to promote cost reduction and efficiency measures, overcame the factors of the rising market prices of raw materials, and continuously improved the level of refined management, resulting in significant overall operating economic benefits.

The information contained in this announcement is only based on the preliminary assessment by the Company’s management according to the latest unaudited management accounts of the Group which have not been audited by accounting firms. Detailed financial information of the Company will be disclosed in its 2022 interim report.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board CMOC Group Limited Yuan Honglin* Chairman

Luoyang City, Henan Province, PRC, 14 July 2022

As at the date of this announcement, the Company’s executive directors are Mr. Sun Ruiwen and Mr. Li Chaochun; the Company’s non-executive directors are Mr. Yuan Honglin, Mr. Guo Yimin and Mr. Cheng Yunlei; and the Company’s independent non-executive directors are Mr. Wang Gerry Yougui, Ms. Yan Ye and Mr. Li Shuhua.

• For identification purpose only

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