Singamas Container Holdings Limited revised consolidated earnings guidance for the fiscal year 2022. As disclosed in the Profit Warning Announcement, the Group was expected to report a consolidated profit attributable to owners of the Company of not more than USD 60,000,000 for fiscal year 2022. According to the latest management accounts for fiscal year 2022 of the Group, it is currently expected the Group to report a consolidated profit attributable to owners of the Company in a range of approximately USD 43,000,000 to approximately USD 50,000,000 for fiscal year 2022 as compared to the consolidated profit of USD 186,802,000 (including a one-time gain of USD 27,001,000 from the derecognition of financial assets) attributable to owners of the Company for fiscal year 2021.

The demand for new dry freight containers in the fourth quarter of 2022 was lower than the estimation in November 2022, which affected the Group's overall performance for fiscal year 2022.