
Group 1 - SF Holding officially listed on the Hong Kong Stock Exchange on November 27, becoming the first "A+H" listed company in the express logistics industry [1] - The company plans to use 45% of the funds raised from the global offering to enhance international and cross-border logistics capabilities, 35% to improve its logistics network and services in China, 10% for advanced technology research and digital solutions, and the remaining 10% for working capital and general corporate purposes [2] - SF Holding is recognized as the largest integrated logistics service provider in China and Asia, and the fourth largest globally, with approximately 2.2 million active monthly customers and about 699 million casual customers as of June 30, 2024 [2] Group 2 - The listing in Hong Kong is a crucial step in the company's globalization strategy, helping to open overseas markets and benefiting from lower financing costs for expansion [3] - The express delivery industry is facing a slowdown in order growth, prompting many domestic companies to seek new business opportunities in international markets [3]