The board of directors of Tianjin Binhai Teda Logistics (Group) Corporation Limited based on the preliminary assessment of the Group's unaudited management accounts, the Group may record a total comprehensive income attributable to the owners of the Company of approximately RMB 5 million for the three months ended 31 March 2023, as compared to a total comprehensive income attributable to the owners of the Company of approximately RMB 15.37 million for the corresponding period in 2022. The Board considers that the aforesaid decrease in results is mainly due to a significant decrease in the business performance of the Group's supply chain and logistics services for finished automobiles and components as a result of the reduction in production by the automobile main engine factory and the number of imported cars of the major customer of the Group.