Shenzhen, China, September 13, 2023 – At the China (Shenzhen) Cross-Border E-Commerce Exhibition (CCBEC 2023), Singapore Post, a leading postal and e-commerce logistics provider in the Asia-Pacific region, signed a strategic cooperation agreement with Freightshop Technology Co., Ltd, a one-stop intelligent service platform for cross-border logistics. The two parties will integrate their advantageous resources to deeply cooperate in the field of international cross-border e-commerce logistics, achieving mutual benefits and jointly promoting the high-quality development of the global cross-border e-commerce platform ecosystem.

 Signing Ceremony:- Li Zhixing, Head of International Business at Singapore Post, and Liu Xiangdong, CEO of Freightshop Technology, signed the agreement on behalf of both parties.

- Li Yu, CEO of Singapore Post International, and Zhang Qingxi, Chairman of Freightshop Technology Group, witnessed the signing.

 Cooperation Goals:

- Fully leverage Singapore Post's global advantages, using its comprehensive network coverage in the US, Europe, the Middle East, and Asia-Pacific regions to provide Freightshop Technology with comprehensive logistics solutions in these regions. This includes logistics transportation, cargo clearance, and last-mile delivery to ensure that goods reach consumers quickly and safely.

 Market Background:

- The Chinese cross-border e-commerce market continues to expand, presenting significant growth opportunities for the international logistics industry. According to a report by the General Administration of Customs, in 2022, China's cross-border e-commerce import and export scale surpassed 2 trillion RMB for the first time, growing by 7.1% compared to 2021. The proportion of cross-border e-commerce in foreign trade rose from less than 1% five years ago to 4.9%. According to a World Trade Organization report, global B2C cross-border e-commerce is projected to maintain a 27% annual growth rate until 2026, indicating a bright future.

 Executive Statements:

- Li Yu, CEO of Singapore Post International: "China is the world's largest e-commerce market and plays a crucial role in international trade. Singapore Post places great importance on the Chinese market and is committed to providing Chinese consumers with fast, reliable, and cost-effective cross-border e-commerce logistics services. We look forward to collaborating with Freightshop Technology, leveraging its extensive experience in cross-border logistics services, to provide efficient and comprehensive solutions for our customers, promoting sustainable development in cross-border e-commerce logistics."

- Zhang Qingxi, Chairman of Freightshop Technology Group: "Since its inception, Freightshop Technology has been dedicated to enhancing societal logistics efficiency through technological innovation. Singapore Post's advanced logistics systems and comprehensive network can provide seamless and efficient cross-border logistics solutions and transportation services. We anticipate establishing a reliable and in-depth partnership with Singapore Post to jointly offer quality cross-border logistics solutions and products to our customers."

 Future Plans:

- To further expand in the Chinese market, Singapore Post plans to establish a wholly-owned foreign enterprise in Shenzhen by November. By creating a "dual hub" setup in Shenzhen and Hong Kong, Singapore Post aims to support the cross-border e-commerce operations of foreign trade enterprises.