BBT and S.F. Express (Hong Kong) Announce the Launch of Kin Shun Information Technology Limited

BBT's technology expertise and S.F. resources come together to offer last mile delivery services in Hong Kong,bringing customized support and better delivery services to themarket

HONG KONG,Jan. 17,2019 -- BBT and S.F. Express (Hong Kong) Limited ("S.F. HK") are partnering in a joint venture,namely Kin Shun Information technology Limited ("Kin Shun"),under a cooperation agreement signed on 14 December 2018. Kin Shun will bring together logistic technologies and operational expertise to offer diverse and efficient logistic solutions. It will also provide professional last mile delivery services to the local market in the near future.

(From left to right) Cliff Tse,Chief Technical Officer of Kin Shun Information Technology Limited,KK Chiu,Chief Executive Officer of Kin Shun Information Technology Limited,and Vincent Fan,Chief Operations Officer of Kin Shun Information Technology Limited.

BBT and S.F. HK Forge Strong Alliance to Form Kin Shun

BBT has been working with SF Car,a S.F. HK subsidiary with rich operational experience,since July 2017. Customised services are provided to corporate clients in Hong Kong with a technical platform that deploys resources flexibly. Operations and deployment algorithms are fine tuned to enhance the quality and efficiency of resources. This strategy has reaped impressive results and business is growing significantly. They are currently handling more than 5,000 calls for deliveries every day on average,with over 10,000 registered couriers on board.

Steered by talents,Kin Shun Reaches for Higher Ground in the Hong Kong Market

KK Chiu,CEO of BBT,will act as Chief Executive Officer of Kin Shun,alongside him is Cliff Tse,BBT's CTO,who will act as Chief Technical Officer of Kin Shun,Head of SF Car will serve as Chief Operations Officer of Kin Shun. This high-calibre team will accelerate the expansion of market,improvement of services and the optimization of efficiency,thus creating a premium last mile delivery services and robust on-demand point-to-point servicing network.

ServicingLeading Catering Groups,Aiming for more Collaborative Integrations

Driven by tailor-made systems and integration flexibility,the partnership has already resulted in services diversity and increase in business volume. Their efficient delivery services have also earned the trust of many leading catering groups in Hong Kong and will continue its leveraging of technology excellence to serve the last mile delivery market.

With growing demand for high-efficiency services,Kin Shun will concentrate to develop on-demand delivery and launch leading logistic services for the retail sector.

Besides strengthening existing point-to-point delivery services,Kin Shun will deepen its business in greater latitude,such as hourly rental and monthly rental services. Merchants can enjoy the flexibility to choose suitable services across a broad spectrum of offerings. A new ordering platform for both merchants and customers will also be launched to provide a quality service experience.

Striving for Perfection with Continuous Innovation

In the future,Kin Shun will strengthen its collaborationwith S.F. HK in last mile delivery market. Leveraging big data to optimize business operations,Kin Shun is confident to become thetop player in the highly competitive market and leverage its operational experiencetocreatecompetitive advantages for thebenefit of clients.

KK Chiu,Chief Executive Officer of Kin Shun says,"Kin Shun aims to capture the business opportunity and surging demand for last mile delivery services to provide better products and services to the market. By establishing a robust platform through utilization of BBT's technology and SF CAR's operational expertise,we will retain existing clients and attract new SME customers. Continuous innovations keep us progressing forward."

Vincent Fan,Chief Operations Officer of Kin Shun concludes,"With the technical support of BBT and extensive business foundation of SF CAR,Kin Shun is in a very competitive position to explore more possibilities and develop diverse businesses to create value for Hong Kong."

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About Kin Shun Information Technology Limited

Kin Shun Information Technology Limited is a joint venture established by BBT and SF (Hong Kong) Limited on 14 December 2018. It aims to offer tailored delivery solutions,last mile and point-to-point delivery services,are designed to meet growing demand in the Hong Kong logistic market. Combining the extensive operational expertise of SF CAR with technology excellence of BBT,Kin Shun is striving for a substantial market share of last mile delivery market by leveraging its competitive advantages to expand to overseas regions.

About BBT

BBT was developed up by experience talents of technology,commerce,operations in 2015. Offering high quality local delivery services and diversified logistic solutions for cooperates,its business footprint extends to Hong Kong,and four major cities,Guangzhou,Beijing,Shanghai,and Shenzhen,in mainland China,and has served the high-demand markets for years. With over 50,000 professional delivery workers and nearly 5 million fulfilled delivery orders,BBT established a presence in Hong Kong in 2017 and has received 10 millions of USD in Series A Financing in February 2018. Shareholders of the company include a leading multinational company The KHO Group Limited,Dr. Peter Lee Ka Kit,and Mr Ronald Joseph Arculli,former Chairman of Hong Kong Exchanges and Clearing.

About S.F. Express (S.F.)

S.F. was established in Shunde,Guangdong Province in 1993. On December 12,2016,SF Express was approved to be listed in A-Share stock market by the China Securities Regulatory Commission; on February 24,2017,S.F. had been officially renamed to SF Holding (SZSE:002352) . S.F. is one of the leading integrated express logistics service providers in China. After years of development,S.F. has built up a preliminary level of capability for providing customers with one-stop integrated logistics solutions including warehousing management,sales forecasting,big data analysis,and financial management. S.F. is an intelligent logistics provider with the advantage of network scale. S.F. has built an integrated logistics network of "Aviation Network","Ground Network" and "Information Network",after years of concentration at business operation,and forward-looking strategic planning. S.F. adopts the direct operation mode,through central operation and management from headquarter to branches,and guarantees the overall operation quality of service networks.

About SF CAR

Established in 2015,SF CAR is a wholly owned subsidiary of S.F. Express (Hong Kong) Limited. It offers efficient customized logistic solutions to customers including last mile home delivery services,on-demand point-to-point delivery services and goods vehicle rental services.

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