YTO International Express and Supply Chain Technology Limited providedunaudited consolidated earnings guidance for the year ended 31 December 2023. For the year, the company expects a decrease in the revenue and a substantial decrease in the net profit (after excluding the impact of certain one-off gains recorded under share of results of joint ventures relating to the compensation recognised by OTX Logistics B.V. (a joint venture of the Company) from the settlement of a legal court case of a joint venture of OTX Logistics B.V.) for the year ended 31 December 2023 as compared to the corresponding year in 2022. The net profit of the Group for the year ended 31 December 2023 is expected to decrease by about 20% as compared to the net profit for the corresponding year in 2022.

After excluding the impact of the above mentioned one-off gains, the net profit for the year ended 31 December 2023 is expected to decrease by about 45% as compared with the net profit for the corresponding year in 2022 (after excluding certain one-off items related to the mergers and acquisitions, disposals and government subsidies due to COVID-19 pandemic recognised for the corresponding year in 2022). Such decrease is mainly attributable to the decrease in profit of the Group's air freight and sea freight operations as the Group's revenue was pressurized by rising global inflationary pressures and continued geographical tensions, which added uncertainty to the world economy and led to a general downturn in global economic growth.