ANNOUNCEMENT ON CJ ROKIN LOGISTICS EQUITY CHANGE

Author:Administrator @2021/02/25 15:00:00

In February 2021, CJ logistics (South Korea), the controlling shareholder of CJ Rokin, signed an agreement of equity interest transfer with FountainVest Partners, and CJ Logistics transferred all stock rights of CJ Rokin Logistics to FountainVest Partners.

This transaction is subject to customary closing conditions, including merger clearance by the relevant authorities in PRC. Rokin's founding family and management team will retain their existing shares after the transaction.

FountainVest Partners, as one of the most established independent private equity firms in Asia, has successful long-term investment experience. In the future, it will help Rokin Logistics accelerate growth and create value in diversified areas including strategy, operations, finance, and capital markets.

At present, the founders and existing management team of Rokin Logistics have reached a consensus with FountainVest Partners: the founders and existing management team of Rokin Logistics will remain unchanged. Rokin Logistics will keep on operating and managing the company, keep on strengthening management, increasing innovation investment and improving service quality, keep on providing more excellent logistics services for customers, and keep on exerting ourselves to make progress for chinese logistics industry.


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