Shentong Express said that on March 11, 2019 and May 8, 2019, the “Prompt Announcement on the Change of Shareholding Structure of the Controlling Shareholders of the Company” and “Progress on the Change of Shareholding Structure of the Controlling Shareholders of the Company” were disclosed. Announcement and “Prompt Announcement on Controlling Shareholders' Plan for Equity Change”, Shanghai Deyin Investment Holdings Co., Ltd. (hereinafter referred to as “De Yin Holdings”), the controlling shareholder of the company, intends to transfer its wholly-owned subsidiary to Shanghai, a wholly-owned subsidiary. De Yin De Run Industrial Development Co., Ltd. and Shanghai Christine Run Industrial Development Co., Ltd. (referred to as "Kong Zhi Run") sold 457,709,848 shares (accounting for 29.90% of the total share capital of Shentong Express) and 246,459,149 shares (accounting for 16.10% of the total share capital of Shentong Express) held by De Yin Holdings. ) The company also introduced Alibaba (China) Network Technology Co., Ltd. as a strategic investor of De Yin De Run.
It is reported that De Yin Holdings will transfer its 49% stake in De Yin De Run to Alibaba, and Alibaba will pay RMB 4,664,978,770 for this purpose. On July 1, 2019, the company received a notice from De Yin Holdings, and it was learned that De Yin Holdings had transferred its 49% stake in De Yin De Run to Alibaba and had already completed the registration procedures for industrial and commercial changes. The Authority has issued a business license after the registration of industrial and commercial changes and a registration notice for granting changes (recording). So far, Alibaba has become a shareholder holding a 49% stake in De Yin De Run.