SITC International : UNAUDITED OPERATING STATISTICS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2019

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SITC International Holdings Company Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1308)

UNAUDITED OPERATING STATISTICS FOR THE NINE MONTHS

ENDED 30 SEPTEMBER 2019

The board of directors (the "Board") of SITC International Holdings Company Limited (the "Company", together with its subsidiaries, the "Group") hereby announces certain unaudited operating statistics of the Group for the nine months ended 30 September 2019 and the comparative figures for the corresponding period in 2018.

Revenue generated by the Group's container shipping and logistics business increased by approximately 6.4% from approximately US$1,041.7 million for the nine months ended 30 September 2018 to approximately US$1,108.4 million for the nine months ended 30 September 2019. For the nine months ended 30 September 2019, the Group's container shipping volume from container shipping and supporting logistics business amounted to 1,802,238 TEUs, representing an increase of approximately 3.6% as compared to 1,739,582 TEUs for the corresponding period in 2018. The Group's average freight rate from container shipping and supporting logistics business (excluding slot exchange fee income) for the nine months ended 30 September 2019 reached US$537.0 per TEU, representing an increase of approximately 2.2% from US$525.5 per TEU for the corresponding period in 2018. Further, revenue generated from the Group's dry bulk and others business increased by approximately 11.9% from approximately US$17.7 million for the nine months ended 30 September 2018 to approximately US$19.8 million for the corresponding period in 2019. As a result, revenue of the Group increased by approximately 6.5% from approximately US$1,059.5 million for the nine months ended 30 September 2018 to approximately US$1128.2 million for the corresponding period in 2019.

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The above-mentioned operating data is unaudited and is based on preliminary internal information of the Group, which may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual or half-yearly basis due to various uncertainties during the process of collating such sales information. As such, the above data is provided for investors' reference only. Investors are advised to exercise caution and not to place undue reliance on such information when dealing in the securities of the Company. When in doubt, investors are advised to seek professional advice from professional or financial advisers.

By order of the Board

SITC International Holdings Company Limited

Yang Shaopeng

Chairman

Hong Kong, 25 October 2019

As at the date of this announcement, the executive directors of the Company are Mr. Yang Shaopeng, Mr. Yang Xianxiang, Mr. Liu Kecheng, Mr. Xue Peng, Mr. Xue Mingyuan and Mr. Lai Zhiyong; and the independent non-executive directors of the Company are Mr. Tsui Yung Kwok, Mr. Yeung Kwok On, Dr. Lo Wing Yan, William and Dr. Ngai Wai Fung.

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