BEST Inc. Announces Pricing of Initial Public Offering

HANGZHOU, China, Sept. 20, 2017 /PRNewswire/ -- BEST Inc. ("BEST") (NYSE: BSTI), a leading and fastest-growing Smart Supply Chain service provider in China, announced today that it has priced its initial public offering of 45,000,000 American Depositary Shares ("ADSs"), each representing one of its Class A ordinary shares, at US$10.00 per ADS for a total base offering size of US$450 million. In addition, BEST and certain selling shareholders have granted the underwriters the right to purchase up to an additional 6,750,000 ADSs to cover over-allotments.

The ADSs are expected to begin trading on the New York Stock Exchange on September 20, 2017, under the symbol "BSTI."

Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC and Deutsche Bank Securities are acting as joint bookrunners of this offering and as the representatives of the underwriters.

A registration statement relating to the securities being sold in the offering has been filed with, and declared effective by, the United States Securities and Exchange Commission. The offering is being made only by means of a written prospectus forming part of the effective registration statement. A copy of the final prospectus relating to the offering may be obtained by contacting the prospectus department at: (1) Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, United States, telephone: +1-800-831-9146; (2) Credit Suisse Securities (USA) LLC, Attention: Prospectus Department at Eleven Madison Avenue, New York, New York 10010-3629, telephone: +1-800-221-1037, email:; (3) Goldman, Sachs & Co., 200 West Street, New York, New York 10282-2198, Attention: Prospectus Department, telephone: +1 (212) 902 1171; (4) J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: +1-866-803-9204; or (5) Deutsche Bank Securities, Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, telephone: +1-800-503-4611, email: Calling any of the foregoing numbers is not toll free outside the United States.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About BEST Inc.

BEST is a leading and fastest-growing Smart Supply Chain service provider in China. Its multi-sided platform combines technology, integrated logistics and supply chain, last-mile and value-added services. BEST's logistics and supply chain services encompass B2B and B2C supply chain management, express and less-than-truckload delivery, as well as cross-border supply chain management and a real-time bidding platform to source truckload capacity. BEST's last-mile services include online merchandise sourcing and store management for convenience stores and B2C services.

Media Contacts:

For BEST Inc.:
Jill Mao  
+852 3611 2564


Sard Verbinnen & Co
Bob Rendine or Rick Carew
+1 212 687 8080

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