"BEST Inc. Goes Private: A Game-Changer in Logistics!"

Ladies and Gentlemen, BUYERS AND SELLERS, listen up! BEST Inc. just pulled off a massive move that's going to shake up the logistics world. They've completed their going-private transaction, and it's a game-changer! Let's dive into the details and see why this is a big deal.

First things first, BEST Inc. has merged with Phoenix Global Partners, making it a wholly-owned subsidiary of BEST Global Partners. This means they're no longer a publicly traded company, and their ADSs are getting delisted from the NYSE. But here's the kicker: shareholders are getting a sweet deal. Each ADS is being cashed out at US$2.88, and each share at US$0.144. That's a premium of 25.2% over the closing price on November 2, 2023, and even higher compared to the average closing prices in the months leading up to the merger announcement. Talk about a win-win!

Now, you might be wondering, why go private? Well, let me tell you, the benefits are huge. For starters, BEST Inc. can now operate with increased regulatory flexibility and strategic flexibility. No more quarterly earnings reports to worry about, no more short-term investor expectations. They can focus on long-term growth strategies and make decisions that are best for the company, not just for the next quarter.

But that's not all! By merging with a Cayman Islands-based entity, BEST Inc. can optimize its tax efficiency and regulatory compliance. This is a smart move, folks. It's all about maximizing profits and minimizing headaches.

Now, let's talk about the implications of this delisting. Sure, it might limit their access to capital markets and future financing options, but BEST Inc. has a plan. They've already secured funding for the merger through a combination of cash contributions and equity rollovers. And with the strong shareholder support they received—over 99% of votes cast at the EGM—it's clear that their investors are on board with this strategy.

So, what does this mean for BEST Inc.'s future prospects? Well, the high premium paid for the shares suggests that the Consortium believes in the company's potential for growth and profitability. And with the flexibility that comes with being a private company, BEST Inc. can now focus on long-term growth initiatives and strategic partnerships.

In conclusion, BEST Inc.'s going-private transaction is a bold move that could pay off big time. They're trading in the public spotlight for increased flexibility and strategic options, and shareholders are getting a sweet deal in the process. This is a company to watch, folks. They're poised for growth, and I wouldn't be surprised if we see some big things from them in the years to come. So, stay tuned, and get ready to see BEST Inc. soar to new heights!