SITC International : UNAUDITED QUARTERLY OPERATING STATISTICS FOR THE FIRST QUARTER ENDED 31 MARCH 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

SITC International Holdings Company Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1308)

UNAUDITED QUARTERLY OPERATING STATISTICS

FOR THE FIRST QUARTER ENDED 31 MARCH 2021

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 three months ended 31 March 2021 and the comparative figures for the corresponding period ended 31 March 2020.

Revenue generated by the Group's container shipping and logistics business increased by approximately 72.8% from approximately US$358.3 million for the three months ended 31 March 2020 to approximately US$619.1 million for the three months ended 31 March 2021, principally attributable to the increase in container shipping volume and increase in average freight rate. For the three months ended 31 March 2021, the Group's container shipping volume from container shipping and supporting logistics business amounted to 696,550 TEUs, representing an increase of approximately 29.1% as compared to 539,573 TEUs for the corresponding period in year 2020. 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 2021 reached US$768.3 per TEU, representing an increase of approximately 34.7% from US$570.4 per TEU for the corresponding period in year 2020. Further, revenue generated from the Group's dry bulk and others business increased by approximately 8.8% from approximately US$5.7 million for the three months ended 31 March 2020 to approximately US$6.2 million for the corresponding period in 2021. As a result, revenue of the Group increased by approximately 71.8% from approximately US$364.0 million for the three months ended 31 March 2020 to approximately US$625.4 million for the corresponding period in 2021.

- 1 -

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, 26 April 2021

As at the date of this announcement, the executive Directors are Mr. Yang Shaopeng, Mr. Yang Xianxiang, Mr. Liu Kecheng, Mr. Xue Mingyuan and Mr. Lai Zhiyong; the non-executive Director is Ms. Yang Xin; and the independent non-executive Directors are Dr. Liu Ka Ying, Rebecca, Mr. Tse Siu Ngan and Dr. Hu Mantian (Mandy).

- 2 -