BEST Inc. American Depositary Shares, each representing twenty (20) - BEST STOCK NEWS

BEST Inc. (NYSE: BEST) announced a share repurchase program authorized by its board of directors. The program allows for the repurchase of up to US$20 million worth of American Depositary Shares (ADSs) over the next 12 months. The repurchases will occur through open market transactions and other methods, based on market conditions. BEST plans to use its available working capital for funding. This initiative is expected to align with shareholder interests, as the company seeks to enhance shareholder value.

BEST Inc. (NYSE: BEST), a prominent integrated smart supply chain solutions provider in China and Southeast Asia, announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022, after U.S. market closes on March 8, 2023.

The company will host a conference call at 8:00 PM U.S. Eastern Time on the same day to discuss the results. Participants can join via various dial-in numbers, and a replay will be available until March 15, 2023. For more details, visit the investor relations website.

BEST Inc. (NYSE: BEST) reported its third-quarter results for 2022, showing a revenue of RMB2,029.1 million (US$285.3 million), a 28.1% decline from the previous year. Despite a challenging macro environment due to COVID-19 restrictions, BEST Freight's revenue increased by 9.7% and the gross loss narrowed by 58.3% quarter-over-quarter. BEST Supply Chain Management achieved a revenue growth of 15.2% year-over-year. The company maintained a strong cash position of RMB3.3 billion, while net loss from continuing operations reached RMB378.9 million (US$53.3 million). No financial guidance was provided due to ongoing uncertainties.

BEST Inc. (NYSE: BEST) received a notification from the NYSE on October 19, 2022, regarding non-compliance with the exchange's price criteria, as its American Depositary Shares (ADSs) averaged below $1.00 over a 30-day trading period ending October 17, 2022. The company has a six-month 'Cure Period' to regain compliance, which includes achieving a closing price of at least $1.00 at month-end. BEST intends to take necessary actions to address this issue while maintaining compliance with other NYSE standards. The notification does not impact business operations or SEC reporting obligations.

BEST Inc. (NYSE: BEST), a premier integrated smart supply chain and logistics provider in China and Southeast Asia, is set to release its unaudited financial results for Q3 2022 on November 16, 2022. The announcement will be made after the U.S. market closes. Following this, a conference call is scheduled for 8:00 PM ET on the same day, where details regarding the financial results will be discussed. Investors can access a replay of the call until November 23, 2022. For further information, visit the investor relations website.

BEST Inc. (NYSE: BEST) announced a Repurchase Right for holders of its 1.75% Convertible Senior Notes due 2024, allowing them to sell back their notes for cash at 100% of the principal amount plus accrued interest. This offer, effective from September 1 to September 28, 2022, amounts to US$105.16 million if all notes are repurchased. Notably, October 1, 2022, is the designated interest payment date for holders as of September 15, 2022. This notification is informative and not a purchase offer.

BEST Inc. (NYSE: BEST) has announced its 2022 annual general meeting (AGM) to be held on November 9, 2022, at 10:00 a.m. in Hangzhou, China. No proposals will be presented for shareholder approval; instead, the AGM will function as a forum for shareholder discussions with management. The record date for eligible shareholders is set for October 7, 2022. Additionally, BEST has filed its annual report on Form 20-F with the SEC, containing audited financial statements for the fiscal year ending December 31, 2021, available on its investor relations website.

BEST Inc. (NYSE: BEST) reported its Q2 2022 results, revealing a revenue of RMB1,926.4 million, down 37.7% year-over-year due to the winding down of its UCargo business and the impacts of COVID-19. Gross loss was RMB93.8 million, contrasting with a gross profit of RMB86.2 million in Q2 2021. The net loss from continuing operations widened to RMB337.1 million. Despite these setbacks, BEST Supply Chain Management achieved profitability, while BEST Freight's net loss narrowed significantly by RMB115.7 million. The company maintains a solid cash position of RMB4.4 billion, focusing on recovery and strategic refocusing.

BEST Inc. (NYSE: BEST), a leader in smart supply chain solutions in China and Southeast Asia, will release its unaudited financial results for Q2 2022 after U.S. markets close on August 17, 2022. A conference call to discuss the results is scheduled for 9:00 PM ET on the same day. Interested participants can join by dialing the provided numbers. An archived replay will be available until August 24, 2022. BEST aims to enhance supply chain efficiency through technology and innovation, focusing on logistics and value-added services.