FINANCIAL RESULTS FOR FY2022 4TH QUARTER

The ensuing COVID 2022 recovery cycle has brought strong inventory ramp-up for consumer merchandise at destination, leading to an over-correction, with recent sales and inventory levels moving adversely across the global markets. This has resulted in weaker demand in the first calendar quarter of 2023 as compared to that of previous two years'. At ONE, we continue to prudently manage our balance sheet and make strategic investments such as our own evolving decarbonization strategy and upgrading and enhancing our global customer service levels through our new Service Cloud system. We updated the “ONE INITIATIVES” at the end of FY 2022 Q4.

Transatlantic Trade – AL4 Service - M/V NYK Themis V.0085W –

Port Omission

Ocean Network Express (ONE) is pleased to announce that Philippines Express 2
(PHX2) will change its port rotation as follows.

Port Rotation : Singapore – Manila(North) – Cebu - Singapore
Frequency : Bi-Weekly

The new rotation will start from M/V CONTSHIP ERA 081N/S departing Singapore on
the 22nd April 2023.

By the change, ONE will provide a quick, reliable, and efficient transport solution to
Philippines from our transhipment hub – Singapore by our Philippines Express
services.

PHX : Singapore <–> Subic Bay, Manila(N)
PHX2 : Singapore <–> Manila(N), Cebu
PHX3 : Singapore <–> Davao, General Santos

Should you have any questions, please contact your sales account representative or
Customer Service desk for additional information.

Ocean Network Express (ONE) is pleased to announce that the Africa, India and Middle East (AIM) service will increase its sailing frequency from fortnightly to weekly starting from May 2023. This is part of ONE’s commitment to enhance our services in Africa.

Transatlantic Trade – AL5 Service - M/V NYK Remus V.0070W –

Port Omission

Ocean Network Express Newsflash –Eastern Cape Seasonal Reefer Product

Transatlantic Trade – AL5 Service – wk 16 – Change of Rotation

Intra-Europe Trade – NTX Service – M/V – CMA CGM Alcazar / CZRT2164S

Africa Rainbow Shuttle (ARS) service update - Product changes May 2023