SITC International Holdings Company Limited announced unaudited Group revenue for the nine months ended September 30, 2023. For the period, the revenue of the Group decreased by approximately 45.4% from approximately USD 3,238.4 million for the nine months ended 30 September 2022 to approximately USD 1,769.4 million for the nine months ended 30 September 2023. For the nine months ended 30 September 2023, the Group's container shipping volume amounted to 2,295,291 TEUs, representing a decrease of approximately 3.1% as compared to 2,368,742 TEUs for the corresponding period in 2022.

The Group's average freight rate (excluding slot exchange fee income) for the nine months ended 30 September 2023 was USD 633.1 per TEU, representing a decrease of approximately 47.1% from USD 1,196.2 per TEU for the corresponding period in 2022.