Leju Finance Deng Rufei On August 21, SF Holdings Co., Ltd. (hereinafter referred to as “SF Holdings”) submitted an IPO application to the Hong Kong Stock Exchange. The co-sponsors are Goldman Sachs, Huatai International, and J.P. Morgan.

According to the prospectus, as of the last practical date, Mingde Holdings directly and indirectly controlled about 54.68% of the shares of SF Express Holdings, while Wang Wei directly held 99.90% of the shares in Mingde Holdings.

Wang Wei, 52, is the founder of SF Holdings. He was appointed as a director, chairman and general manager in December 2016, and as an executive director on August 1, 2023. Mainly responsible for the company's overall strategic planning, business goals and management. Wang Wei is the controlling shareholder of SF Express Holdings.

Wang Wei has over 30 years of experience in the logistics industry. From 1993/3 to 2015/3, he was the CEO of SF Express Holdings, and since 2015/3, he has been the CEO. Since October 2021, he has served as Chairman of the Board and Non-Executive Director of Kerry Logistics (0636.HK). From February 2021 to August 2023, he was a non-executive director and chairman of the board of directors of SF Express Real Estate Asset Management Co., Ltd. (manager of SF Real Estate (2191.HK)).

The board of directors of SF Express Holdings consists of seven directors, including four executive directors and three independent non-executive directors. The average age of the seven directors is about 55 years old.

SF Holdings is the world's leading integrated logistics service provider. According to the Frost & Sullivan Report, in terms of revenue in 2022, SF Holdings is the largest integrated logistics service provider in China and Asia, and the fourth largest integrated logistics service provider in the world. SF Express's market share of time-limited express delivery in China in 2022 was 63.5%.