Shentong Express: In November, the company's express business volume increased by 14.67% year-on-year, and the single ticket income for express services increased by 15.87% year-on-year.

Shentong Express Announcement: In November 2025, the revenue from express delivery services reached 6.028 billion yuan, an increase of 33.10% year-on-year; the volume of business completed was 2.502 billion tickets, an increase of 14.67% year-on-year; the average revenue per express delivery ticket was 2.41 yuan, an increase of 15.87% year-on-year. The 100% equity of Zhejiang Danniao Logistics Technology Co., Ltd., acquired by the company, has been included in the consolidated financial statements. It is expected that the overall volume and revenue scale of the company's express delivery business will further increase.