The board of directors of SITC International Holdings Company Limited announced unaudited Group revenue for the three months ended 31 March 2023. For the three months ended 31 March 2023, the Group's container shipping volume from container shipping and supporting logistics business amounted to 693,283 TEUs, representing a decrease of approximately 5.0% as compared to 729,836 TEUs for the corresponding period in year 2022. The Group's average freight rate from container shipping and supporting logistics business (excluding slot exchange fee income) for the three months ended 31 March 2023 reached USD 722.4 per TEU, representing a decrease of approximately 41.8% from USD 1,241.6 per TEU for the corresponding period in year 2022.