Tianjin Binhai Teda Logistics (Group) Corporation Limited provided earnings guidance for the year ended 31 December 2021. For the year, the Group may record a total comprehensive income attributable to the owners of the Company of no less than RMB 5 million for the year ended 31 December 2021, as compared to a total comprehensive loss attributable to the owners of the Company of approximately RMB 132.58 million for the corresponding period in 2020. The Board considers that the aforesaid turnaround from loss to profit is mainly due to: (1) an increase in the
investment income as compared to the corresponding period in 2020 due to a significant increase in
the operating results of electronic components logistics and related services business and cold chain
logistics business of the Group; and (2) a significant decrease in the amount of impairment loss of trade, bills and other receivables of the Group as compared to the corresponding period in 2020.