Sichuan Expressway Company Limited provided earning guidance for the year ended 31 December 2022. The board of directors of the Company inform the shareholders of the Company (the "Shareholders") and potential investors
that, based on its preliminary assessment of the unaudited management accounts for the year ended 31 December 2022 (the "Year") and information currently available to the Board: it is expected that the net profit attributable to Shareholders of the Company for the Year will decrease to approximately RMB 731,042,400, representing a significant decrease from the net profit attributable to Shareholders of RMB 1,870,856,000 recorded for the year ended 31 December 2021 (the "Previous Year"). Such decrease was mainly attributable to the proceeds from the disposal of 91% equity interests in Renshou Trading Landmark Company Limited during the Previous Year, resulting in a significant increase in non-recurring profit and loss. In addition, vehicle tolls in the Year were negatively affected by the COVID-19 and COVID-19 pandemic prevention and control, road network diversion, and restricted power consumption for high temperature etc., resulting in a decrease in vehicle tolls in the same period of the Year.