CGN Global Uranium Ltd, a subsidiary of CGN Mining Company Limited, has reported a significant negative impact on its gross profit for the period from January to June 2025. This downturn is attributed to considerable fluctuations in the market prices for natural uranium contracts. During this period, the average unit cost of sales for natural uranium ranged from US$68-74 per pound U3O8, while the average unit selling price under delivered contracts was between US$58-61 per pound U3O8. The board of directors highlighted that these operating fluctuations were primarily due to the adoption of the weighted average cost method in accounting, which led to the recorded inventory costs exceeding the sales contract prices. Despite these challenges, the sales and operations of the four uranium mines in Kazakhstan, invested by the Group, remained stable. The Group is committed to maintaining stable operations and will continue to enhance market analysis and judgment to navigate market challenges effectively.