The development history of STO Express

★Starting with a few people and a few bicycles in early 1993, Shanghai Shengtong Industrial Co., Ltd. was established in Xiaokunshan Economic Development Zone, Songjiang, Shanghai, specializing in direct delivery of customs declarations and urgent items between Shanghai and Hangzhou. "Shengtong" came into being under the background of my country's reform and opening up. Company headquarters address: No. 1888, Zhaozhong Highway, Qingpu District, Shanghai, covering an area of ??33,571 square meters and a construction area of ??12,518 square meters.

★In 1995, we established branches in Shanghai, Ningbo, Jinhua and Dongyang and began to expand our business.

★In 1996, branches were set up in Nanjing and Suzhou, and the network was successfully deployed in the Yangtze River Delta, forming the prototype of the network.

★In 1997, we set up branches in big cities such as Beijing and Guangzhou, and our business began to increase, marking the clarion call for STO's strategy of entering the country.

★When the company celebrated its 10th anniversary in 2003, it established a "win-win situation for customers and STO."

★ Obtained ISO9001:2000 international quality management system certification on March 29, 2004 Certificate.

★In 2004, the national network output value was 1 billion yuan, and the total business tax was more than 40 million yuan. The small piece market share in the Yangtze River Delta region has reached 30%, ranking first in the same industry in the Yangtze River Delta region.

★In 2006, the sales exceeded 3.6 billion yuan, the annual express volume was 130 million, and the market share accounted for 30-70%. It has become a national brand enterprise in the express delivery industry.

★In 2006, the express delivery volume reached 130 million. There are more than 800 outlets in total, and the number of employees in the company reaches more than 30,000. At the company headquarters, 15% have a college degree or above.

★In March 2007, STO Express opened its new company location in Qingpu District, Shanghai. A grand celebration for the relocation of the head office and the 2007 online annual meeting were held. The theme slogan was: Work together to create glory again, which kicked off the second venture and adopted the franchise and contract system, and the outlets expanded rapidly

On September 16, 2015, STO and Tiantian Express announced a major strategic reorganization. The two companies will integrate resources in the fields of operations, products, information technology, and the last mile of express delivery. The purpose is to accelerate the company's services level and improve the company's service capabilities.

On December 1, 2015, A-share company Aidixi issued an announcement stating that it planned to acquire all legally owned assets and liabilities; it would acquire 100 shares of STO Express. The price is 16.9 billion yuan, of which the share payment amount is 14.9 billion yuan and the cash payment amount is 2 billion yuan. After the implementation of this major asset reorganization, Deyin Holdings will become the company’s controlling shareholder, and Chen Dejun and Chen Xiaoying will become the company’s actual controllers. , STO Express formed a backdoor listing.

On December 14, 2015, Edici (002468.SZ) announced that it had purchased 100% of STO Express’s equity for 16.9 billion, and the original shareholders of STO Express will hold the listed company. 59.23 of the enlarged share capital. Since the acquirer in the legal sense (Edici) is the acquiree in the accounting sense, and the acquiree in the legal sense (STO Express) is the acquirer in the accounting sense, this asset reorganization It constitutes a reverse purchase. To put it bluntly, STO Express went public on the backdoor!