MaHui | Congratulations to MaHui Member J&T Express on Its Listing on the Main Board of Hong Kong Exchanges and Clearing Limited

Hong Kong, October 27, 2023 — Global logistics service operator J&T Global Express Limited (hereinafter referred to as "J&T Express," "J&T," or the "Company") today listed on the Main Board of the Hong Kong Stock Exchange under stock code 1519. The offer price was set at HK$12 per share, with global offering net proceeds of HK$3.528 billion (over-allotment option not yet exercised). This Hong Kong listing marks a solid step forward in J&T Express's journey toward becoming a global logistics leader. Source Code Capital is among J&T Express's investors.

J&T Express intends to use the proceeds from this listing to expand its logistics network, upgrade infrastructure, and strengthen sorting and warehousing capabilities and capacity in Southeast Asia and other existing markets; to develop new markets and broaden its service scope; and to invest in R&D and technological innovation — all to deliver more efficient, higher-quality logistics services to users worldwide.

Founded in Indonesia in 2015, J&T Express rapidly expanded to six other Southeast Asian countries before entering China in 2020. According to Frost & Sullivan data, by 2022 parcel volume, J&T Express ranked as the #1 express operator in Southeast Asia and holds a top-tier market share in China. Building on strong growth momentum in China and Southeast Asia in 2022, the company further extended its express delivery business to five countries across Latin America, the Middle East, and North Africa. J&T Express's delivery operations now span 13 countries globally.

At the listing ceremony, frontline employee representatives from all 13 of J&T Express's global markets rang the gong together — from couriers to customer service representatives to sorting center operators, employees across different roles have collectively built J&T into what it is today and witnessed the company embarking on its next chapter.

J&T Express listing ceremony at the Hong Kong Stock Exchange

Junyi Hou, Vice President of J&T Express, said: "Since our founding in 2015, J&T Express has continuously forged ahead and broken new ground. Today's listing on the Main Board of the Hong Kong Stock Exchange is a significant milestone in our development. We are grateful for the quiet dedication and hard work of all J&T people, for the long-term support of our partners, and above all for the trust our customers have placed in us. Going forward, we will remain true to our original mission and continue to uphold our principle of 'customer-centric, efficiency-rooted' — connecting the world efficiently and making logistics benefit everyone globally."

Shiqiang Zheng, Chief Financial Officer of J&T Express, said: "Hong Kong is a leading international capital market where issuers and investors from around the world converge, bearing witness to the opportunities of Asia's most dynamic capital market. We are deeply honored that J&T is listing on the Main Board of the Hong Kong Stock Exchange today. We will continue working hand-in-hand with our partners to lead transformation in the global logistics industry, delivering superior express services to more markets and customers while creating greater value potential for investors."

About J&T Express

J&T Express is a global integrated logistics service operator whose express delivery business holds leading positions in Southeast Asia and China — the world's largest and fastest-growing markets. Founded in 2015, the company's delivery network covers 13 countries: Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil, and Egypt. Upholding its principle of "customer-centric, efficiency-rooted," J&T Express is committed to providing customers with full-scenario logistics solutions through intelligent infrastructure and digital logistics networks — connecting the world efficiently and making logistics benefit everyone globally.