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Best Inc. completes going private transaction

Best Inc. announced the completion of its merger with Phoenix Global Partners, pursuant to the previously announced agreement and plan of merger, dated as of June 19, 2024, among the company, BEST Global Partners, and Merger Sub. As a result of the Merger, the company has become a wholly owned subsidiary of Parent and has ceased to be a publicly traded company.

Best Inc. receives noncompliance notification from NYSE

Best Inc. announced that the company received a notice from the NYSE 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 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 with 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.