Silk Road Logistics : Announcements and Notices - Profit Alert Announcement

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Silk Road Logistics Holdings Limited

絲路物流控股有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 988)

PROFIT ALERT ANNOUNCEMENT

The Board wishes to inform the Shareholders and potential investors that it is expected that the Interim Results of the Group may record a profit for the six months ended 30 June 2019 as compared with a loss for the six months ended 30 June 2018. The profit is mainly due to a one-off gain from the disposal of the headquarter office and a gain from better perform in commodities trading business.

The information contained in this announcement is only based on the preliminary review on the consolidated management accounts of the Group, which has not been reviewed or confirmed by the Company's auditors.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

This announcement is made by Silk Road Logistics Holdings Limited (the "Company", together with its subsidiaries as the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

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The board (the "Board") of directors (the "Directors") of the Company wishes to inform the shareholders (the "Shareholders") of the Company and potential investors that, based on the preliminary review of the consolidated management accounts of the Group, it is expected that the unaudited interim results of the Group may record a profit for the six months ended 30 June 2019 (the "Interim Results") as compared with a loss for the six months ended 30 June 2018. The profit is mainly due to a one-off gain from the disposal of the headquarter office and a gain from better perform in commodities trading business.

As the Company is still in the process of preparing and finalising the Interim Results, the information contained in this announcement is only based on the Company's preliminary review of the consolidated management accounts of the Group, which has not been reviewed or confirmed by the Company's auditors. The Interim Results of the Group are expected to be announced by the Company on 27 August 2019.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

By order of the Board

Silk Road Logistics Holdings Limited

Cai Jianjun

Chairman and Executive Director

Hong Kong, 19 August 2019

As at the date of this announcement, the Board consists of three executive Directors, namely Mr. Cai Jianjun, Mr. Wang Xiusong and Ms. Zhang Rui, one non-executive Director, namely Mr. Zhou Hao; and six independent non-executive Directors, namely Ms. Choy So Yuk, Mr. Leung Yuen Wing, Mr. Wu Zhao, Mr. Zhu Dengkai, Mr. Liuwei and Mr. Zou Mingwu.

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