HANGZHOU, China, Jan. 10,
2025 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST"
or the "Company"), a leading integrated smart supply chain
solutions and logistics services provider in China and Southeast
Asia, today announced that, on January 6, 2025, the Company received a notice
from the New York Stock Exchange (the "NYSE") Regulation stating
that it is not in compliance with the NYSE's continued listing
requirements under the timely filing criteria pursuant to Section
802.01E of the NYSE Listed Company Manual (the "Continued Listing
Criteria") as a result of the Company's failure to timely file its
Form 6-K containing semi-annual financial information for the half
year ended June 30, 2024 (the "1H
2024 6-K") with the U.S. Securities and Exchange Commission (the
"SEC").
The Company has not yet filed the 1H 2024 6-K with the SEC
because it has focused its resources on its previously announced
going private transaction. Upon completion of the privatization,
the Company will become a privately held company and its Class A
ordinary shares would no longer be listed on the NYSE.
ABOUT BEST INC.
BEST Inc. (NYSE: BEST) is a leading integrated smart supply
chain solutions and logistics services provider in China and SEA. Through its proprietary
technology platform and extensive networks, BEST offers a
comprehensive set of logistics and value-added services, including
freight delivery, supply chain management and global logistics
services. BEST's mission is to empower business and enrich life by
leveraging technology and business model innovation to create a
smarter, more efficient supply chain. For more information, please
visit: http://www.best-inc.com/en/.
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SOURCE BEST Inc.
