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Full Truck Alliance Announces Resumption of New User Registration

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Full Truck Alliance Co. Ltd. (NYSE: YMM) has announced the resumption of new user registration for its Yunmanman and Huochebang apps. This follows a cybersecurity review by the Cybersecurity Review Office of China's Cyberspace Administration that began in July 2021. The company cooperated fully with the review and addressed the identified issues. The resumption signifies a potential return to normal operations for FTA, which connects shippers with truckers, enhancing logistics efficiency.

Positive
  • Resumption of new user registration for Yunmanman and Huochebang apps.
Negative
  • Cybersecurity review may indicate previous vulnerabilities.

GUIYANG, China, June 29, 2022 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, announced that the Company's Yunmanman and Huochebang apps resumed new user registration today.

As previously announced by the Company, the Cybersecurity Review Office ("CRO") of the Cyberspace Administration of China initiated a cybersecurity review of FTA's Yunmanman and Huochebang apps last July. FTA has fully cooperated with the CRO in the cybersecurity review and has taken comprehensive measures to address issues identified during the process. The CRO informed FTA that its Yunmanman and Huochebang apps may resume new user registration today.

About Full Truck Alliance Co. Ltd.

Full Truck Alliance Co. Ltd. (NYSE: YMM) is a leading digital freight platform, connecting shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. The Company provides a range of freight matching services including freight listing service, freight brokerage service and online transaction service. The Company also provides a range of value-added services that cater to the various needs of shippers and truckers, such as financial institutions, highway authorities, and gas stations operators. With a mission to make logistics smarter, the Company is shaping the future of logistics with technology and aspires to revolutionize logistics, improve efficiency across the value chain and reduce its carbon footprint for our planet. For more information, please visit ir.fulltruckalliance.com.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements which are made pursuant to 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 "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs, plans, 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: FTA's goal and strategies; FTA's expansion plans; FTA's future business development, financial condition and results of operations; expected changes in FTA's revenues, costs or expenses; industry landscape of, and trends in, China's road transportation market; competition in FTA's industry; FTA's expectations regarding demand for, and market acceptance of, its services; FTA's expectations regarding its relationships with shippers, truckers and other ecosystem participants; FTA's ability to protect its systems and infrastructures from cyber-attacks; PRC laws, regulations, and policies relating to the road transportation market, as well as general regulatory environment in which FTA operates in China; the results of regulatory review and the duration and impact of any regulatory action taken against FTA; the impact of COVID-19 pandemic, extreme weather conditions and production constraints brought by electricity rationing measures; general economic and business condition; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

Full Truck Alliance Co. Ltd.
Mao Mao
E-mail: IR@amh-group.com

The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: FTA@thepiacentegroup.com

In the United States:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: FTA@thepiacentegroup.com

Cision View original content:https://www.prnewswire.com/news-releases/full-truck-alliance-announces-resumption-of-new-user-registration-301577809.html

SOURCE Full Truck Alliance Co. Ltd.

FAQ

What is the significance of the resumption of new user registration for YMM?

The resumption allows Full Truck Alliance to potentially increase its user base and restore normal operations after a cybersecurity review.

When did Full Truck Alliance's cybersecurity review start?

The cybersecurity review initiated by China's Cybersecurity Review Office began in July 2021.

What are Yunmanman and Huochebang apps used for?

These apps connect shippers with truckers to facilitate shipments, improving logistics efficiency.

How does the cybersecurity review impact Full Truck Alliance?

The review may have highlighted vulnerabilities, but full cooperation has allowed for the resumption of services.

What does the stock symbol YMM represent?

YMM represents Full Truck Alliance Co. Ltd. on the New York Stock Exchange.

Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20

NYSE:YMM

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