STO Express Co., Ltd. announced that STO Singapore transferred its holdings of 114,094,165 shares of ordinary shares of Cainiao to Ali CN at a price of US$0.62 per share, with a transfer price of US$70,738,400. STO Singapore has received US$63,654,500 paid by Ali CN on June 27, 2024. After the transaction is completed, STO Singapore will no longer hold Cainiao shares.
申通快递：境外子公司转让股权获6366.45万美元
STO Express Co., Ltd.: Overseas subsidiary received $63,664,500 for the transfer of equity.
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