SITC International Holdings Company Limited provided earnings guidance for the year ended December 31, 2020. For the period, the company expects that the Group will experience a substantial increase between 50% to 60% in its consolidated net profit attributable to shareholders of the Company for the year ended 31 December 2020 as compared to that for the year ended 31 December 2019. Based on information currently available to the Company, the Board believes that such increase was primarily attributable to the combined effect of the increase in demand of container shipping and logistics services during the year ended 31 December 2020 as compared to the corresponding period of the year 2019; the Group's continuous expansion into the Asian market; and the overall improvement of the Group's operating efficiency which resulted in a decrease in costs per TEU.