Tianjin Binhai TEDA Logistics (Group) Corporation Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company reported revenue of RMB 423,125,000 against RMB 453,79,000 a year ago. Loss before income tax was RMB 7,384,000 against profit before income tax of RMB 22,228,000 a year ago. Loss attributable to owners of the company was RMB 1,636,000 or 0.5 cents per basic and diluted share against profit attributable to owners of the company of RMB 15,389,000 or 4 cents per basic and diluted share a year ago. The decrease in turnover was mainly due to the decline in logistics and supply chain services for finished automobiles and components as compared to the corresponding period last year. The significant decreases in overall gross profit margin and the net loss attributable to the equity holders of the Group were mainly due to two reasons: the adverse impact of political tension between China and Japan on the logistics services for automobiles of the Group persisted during the reporting period, resulting in substantial decrease in the operating results of the automobile logistics services business as compared to the corresponding period last year; and the cold chain logistics business of the Group was unable to bring any benefit to the overall performance of the Group in short term as it just commenced operation at the beginning of the year.

Tianjin Binhai TEDA Logistics (Group) Corporation Limited, Board Meeting, May 14, 2013., at 15:00 China Standard Time. Agenda: To consider and approve the unaudited first quarterly results of the company for the three months ended 31 March 2013 and to approve the draft announcement in respect of the first quarterly results and the draft first quarterly report to be published on the website of the Growth Enterprise Market of the Stock Exchange and the website of the company; to consider the payment of an interim dividend, if any; to consider the closure of the register of members of the company, if necessary; and to transact any other business, if any.

The board of Tianjin Binhai TEDA Logistics (Group) Corporation Limited informed the shareholders of the company and potential investors that, the group is expected to record a loss for the first quarter ended March 31, 2013 as compared to the profit recorded for the corresponding period in 2012, which is mainly due to the following reasons: (i) affected by the adverse impact of the Sino-Japanese relations, in January to February 2013, the automobile logistics business continued the dramatic period-on-period decrease recorded in the fourth quarter of 2012. Although the business volume in March 2013 basically returned to normal, it could hardly compensate for the impact of the drastic decrease in business volume in January to February 2013; (ii) the Cold Chain Logistics Centre at Tianjin Port operated by Tedahang (Tianjin) Cold Chain Logistics Company Limited, a subsidiary of the group, commenced operation in early 2013. The cold chain logistics business was only at its initial stage, resulting in a loss in the first quarter of 2013.