Alibaba Will Invest 4 Billion 660 Million Yuan In STO.

STO announced today that Alibaba will invest 4 billion 660 million yuan in STO's controlling shareholder company.

As of the date of this announcement, de Yin investment holds 822884966 shares of the company, accounting for 53.76% of the total share capital of the listed company, and is the controlling shareholder of the company.

Mr. Chen Dejun and MS. Chen Xiaoying jointly hold 100% of the investment in German Yin, which is the actual controller of the company (hereinafter referred to as the "actual controller").

In March 10, 2019, de Yin investment and Mr. Chen Dejun, Ms. Chen Xiaoying and Alibaba (China) Network Technology Co., Ltd. (hereinafter referred to as "Alibaba" or "investors") signed the framework agreement.

The actual controller or de Yin investment intends to set up two subsidiaries under the same control as the German investment company (the new company A and the new company B).

Upon completion of the investment or pfer, the new company A will hold 457709848 shares of the company (29.90% of the total share capital), and the new company B will hold 246459149 shares of the company (16.10% of the total share capital).

The actual controller and de Yin investment intend to introduce Alibaba as a strategic investor of the new company A: Alibaba can either increase the share of A of the new company held by the actual controller or de Yin investment or increase the capital to the new company A.

The Alibaba's share price for the new company's A49% is RMB 4664978770 yuan.

As of this announcement, the new company A and the new company B have not yet been established.

After the completion of the dee investment structure change, (1) the actual controller and / or Deyan investment hold A51% shares of the new company, Alibaba will hold a A49% stake in the new company, and the actual controller will hold 29.90% of the company's shares through its new company A.

(2) the actual controller and / or German investment hold the B100% stake of the new company, and the actual controller holds 16.10% of the company's shares through its new company B, and (3) the German Yin investment directly holds 7.76% of the listed company.

The 822884966 shares held by German Yin investment before the structural change (53.76% of the total share capital of the listed company) are still controlled by the actual controller through the German investment and the new company.

According to previously disclosed information, Alibaba, rookie intelligent logistics network has attracted more than 3000 global logistics enterprises to participate in, and China Post, Russia post, Spain post and other major global countries postal network to achieve strategic cooperation.

In depth cooperation with Singapore Airlines, United Arab Emirates, air bridge and other global mainstream airlines to establish an air pport network, forming regular pportation cooperation with China Europe, Southeast Asia and Australia.

Founded in 1993, STO is an early private courier company established in China. Now it is one of the leading express logistics enterprises in China. STO is also one of the close logistics partners of Alibaba.