BEST Inc. to Create Over 40,000 Jobs in 2020

HANGZHOU, China, April 1, 2020 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, today announced the Company's plans to create over 40,000 jobs in China and Southeast Asia this year to meet current and anticipated demand recovery in supply chain and logistics services after the novel coronavirus (COVID-19) outbreak, and to effectively adapt to the continuously growing e-commerce industry.

The additional jobs will be created through BEST's various divisions, including Express, Freight, Supply Chain Management and Global. These roles will cover technology development, product operations, quality control and procurement, as well as front line operations such as warehousing, sorting and transportation. 

Johnny Chou, BEST's Chairman and CEO said, "As China starts returning to work, we are already seeing rapid recovery in many different sectors that require logistics support. Our commitment to investing in technology and talents will not change. We plan to leverage opportunities that the current market presents by hiring and investing in young talents who will support BEST's continued growth and success."

"At the same time, we will continue to innovate and invest in robotics and AI technologies that can help manage our costs in the longer term," added Mr. Chou.

As BEST looks to further expand its supply chain and logistics services internationally, BEST expects to create 5,000 new jobs for network management, operations, customer services and quality control in Southeast Asia.

ABOUT BEST INC.

BEST Inc. (NYSE: BEST) is a leading integrated smart supply chain and logistics solutions provider. Through its proprietary technology platform and extensive networks, BEST offers a comprehensive set of logistics and value-add services, including express and freight delivery, supply chain management, business-to-store-to-consumer supply chain and last mile services, truckload capacity brokerage, international logistics and financial services. BEST's mission is to empower business and enrich life by leveraging technology and business model innovation to create a smarter, more efficient supply chain. For more information, please visit: http://www.best-inc.com/en/.

SAFE HARBOR STATEMENT

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as BEST's strategic and operational plans, contain forward-looking statements. BEST may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about BEST's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: BEST's goals and strategies; BEST's future business development, results of operations and financial condition; BEST 's ability to maintain and enhance its ecosystem; BEST 's ability to continue to innovate, meet evolving market trends, adapt to changing customer demands and maintain its culture of innovation; and fluctuations in general economic and business conditions in China and other regions in which the Company operates and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in BEST's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and BEST does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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SOURCE BEST Inc.