Tianjin Binhai TEDA Logistics (Group) Corporation Limited provided earnings guidance for the nine months ended September 30, 2018. The board of directors of the company announced that, based on the initial assessment of the Group's unaudited management accounts, the profit attributable to the owners of the company for the nine months ended 30 September 2018 as compared with that for the corresponding period in 2017 may increase approximately 50%, the Group expects to record a net profit of approximately RMB 15 million. The Board considers that such increase in the net profit of the Group is mainly due to the following reasons as the national tax rate for imported vehicle was lowered since July this year, the number of imported vehicles in the third quarter increased significantly, and the third quarterly results of Tianjin Fengtian Logistics Co. Ltd., have increased significantly as compared with that for the second quarter of this year and the corresponding period of last year; and due to the strategic contraction of businesses of the company's branch company in Changshu City and its wholly-owned subsidiary, He Guang Trade and Business Co. Ltd., the costs and expenses were reduced, and the losses in the third quarterly results have been significantly reduced as compared with that for the corresponding period of last year.