Jade Road Investments (JADE) today announced its audited results for the year ended 31 December 2022. The net asset value (NAV) was reduced by 78% to US$15.1m from US$68.0m as of 31 December 2021. NAV per share as of 31 December 2022 was US$0.13, excluding the effect of treasury shares. JADE recorded a loss before taxation of US$52.9m (2021: loss US$38.4m). The investment of JADE’s 85% stake in Future Metal Holdings Limited (FMHL), the largest magnesium dolomite quarry in Shanxi Province, China ....