Zhongtong Finance and Economics APP news, Pan Far East International (02516) has announced that its indirect wholly-owned subsidiary, Hangzhou Pan Far East International Logistics Co., Ltd. ("Hangzhou Pan Far East"), recently received a notification from Shenzhen YTO Supply Chain Service Co., Ltd. ("YTO", a subsidiary of Alibaba Holding Group, a logistics service provider for Alibaba International Station) that Hangzhou Pan Far East successfully won the bid for the East China Center warehouse business of Alibaba International Station. According to the service agreement reached between Hangzhou Pan Far East and YTO, Hangzhou Pan Far East will rely on the Yiwu Center warehouse to serve the entire East China region, providing warehouse operation services to Alibaba International Station merchants, including but not limited to parcel reception, security check, packaging, order processing, delivery verification, consolidated shipping, warehousing, and other services.

Alibaba International Station was founded in 1999 and is a leading global B2B e-commerce platform, providing services to buyers and suppliers in over 200 countries and regions worldwide. Alibaba International Station's services cover comprehensive trade, including providing tools to help companies promote their products to global customers, assisting buyers in identifying products, finding suppliers, and quickly and efficiently placing orders online. Alibaba International Station is part of Alibaba International Digital Commerce Group.

As a well-known Chinese cross-border e-commerce logistics service provider, Hangzhou Pan Far East winning the bid for the East China Center warehouse business of Alibaba International Station this time reflects the group's ability to provide customers with high-quality and reliable services, earning full recognition from Alibaba International Station. In the future, the group will continue to deepen cooperation in major platform strategies to help more companies go global.