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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . MONGOLIAN MINING CORPORATION ( Incorporated in the Cayman Islands with limited liability ) ( Stock Code : 975 ) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2021 FINANCIAL HIGHLIGHTS The outbreak of the novel coronavirus ( " COVID - 19 " ) has continued to have impact on the operating environment , significantly reducing cross border throughput via Gashuunsukhait- Ganqimaodu ( " GS - GM " ) checkpoint . The business performance of Mongolian Mining Corporation ( " MMC ” or the “ Company ” ) and its subsidiaries ( the “ Group ” ) were significantly impacted due to lower sales volume as a result of reduced coal export shipments . The Group generated a total revenue of approximately United States Dollar ( " USD " ) 95.2 million from total sales volume of 0.8 million tonnes ( " Mt ” ) of coal products during the six months ended 30 June 2021 , compared to USD157.5 million of the Group's total revenue generated from 1.5 Mt of coal products sold during the six months ended 30 June 2020. The average selling price ( " ASP " ) for washed hard coking coal ( " HCC " ) increased to USD142.7 per tonne for the six months ended 30 June 2021 , compared to USD122.0 per tonne for the same period in 2020 . The Group's gross profit for the six months ended 30 June 2021 was USD24.6 million , compared to the gross profit of USD47.6 million for the six months ended 30 June 2020 . The Group's net loss attributable to the equity shareholders of the Company for the six months ended 30 June 2021 was USD13.6 million . Major contributing factor of the Group's net loss position was the lower sales volume recorded during the reporting period . The basic and diluted loss per share attributable to the equity shareholders of the Company amounted to USD1.32 cents for the reporting period , compared to the basic and diluted earnings per share of USD0.27 cents for the same period in 2020 . The board ( the “ Board ” ) of directors ( the “ Directors " ) of the Company does not recommend the payment of dividend for the six months ended 30 June 2021 ( dividend for the six months ended 30 June 2020 : nil ) . Note : All numbers in this announcement are approximate rounded values for particular items . 1