COSCO SHIPPING Holdings Co., Ltd. provided group earnings guidance for the year ended 31 December 2023. The board of directors of the Company informed the shareholders of the Company and potential investors that the Group is expected to (1) record earnings before interest and tax (EBIT) from 1 January 2023 to 31 December 2023 of approximately RMB 36.643 billion, representing a decrease of approximately 78.54% as compared to approximately RMB 170.778 billion (restated) for the same period in 2022; (2) record a net profit for the Reporting Period of approximately RMB 28.389 billion, representing a decrease of approximately 78.40% as compared to approximately RMB 131.459 billion (restated) for the same period in 2022; (3) record a net profit attributable to the Shareholders for the Reporting Period of approximately RM B23.859 billion, representing a decrease of approximately 78.25% as compared to approximately RMB 109.702 billion (restated) for the same period in 2022; and (4) record a net profit attributable to the Shareholders (after deducting non-recurring profit and loss) for the Reporting Period of approximately RMB 23.747 billion, representing a decrease of approximately 78.24% as compared to approximately RMB 109.137 billion (restated) for the same period in 2022.