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JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, each of the undersigned hereby agrees to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13D referred to below) on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the Class A ordinary shares, par value US$0.01 per share, Class B ordinary shares, par value US$0.01 per share and Class C ordinary shares, par value US$0.01 of BEST Inc., a company organized under the laws of the Cayman Islands.

It is understood and agreed that each of the parties hereto is responsible for the timely filing of such statement on Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein, but such party is not responsible for the completeness and accuracy of information concerning the other parties making the filing unless such party knows or has reason to believe that such information is inaccurate. It is understood and agreed that a copy of this agreement shall be attached as an exhibit to the statement on Schedule 13D, and any amendments thereto, filed on behalf of the parties hereto.

This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and the same instrument.

[The Remainder of this Page is Intentionally Left Blank]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

Shao-Ning Johnny Chou
By:   /s/ Shao-Ning Johnny Chou
George Chow
By:   /s/ George Chow

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

ALI CN INVESTMENT HOLDING LIMITED
By:   /s/ Lei Jin
Name:   Lei Jin
Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

ALIBABA GROUP HOLDING LIMITED
By:   /s/ Jinwei Zhang
Name:   Jinwei Zhang
Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

ALIBABA INVESTMENT LIMITED
By:   /s/ Lei Jin
Name:   Lei Jin
Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

ALIBABA.COM CHINA LIMITED
By:   /s/ Lei Jin
Name:   Lei Jin
Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

CAINIAO SMART LOGISTICS INVESTMENT LIMITED
By:   /s/ Lin Wan
Name:   Lin Wan
Title:   Director

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

CAINIAO SMART LOGISTICS NETWORK LIMITED
By:   /s/ Lin Wan
Name:   Lin Wan
Title:   Director

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

BJ RUSSELL HOLDINGS LIMITED
By:   /s/ Yahong Liang
Name:   Yahong Liang
Title:   Authorized Signatory
HUNG CHRIS HUI
By:   /s/ Hung Chris Hui
YAHONG LIANG
By:   /s/ Yahong Liang

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

IDG-Accel China Capital II L.P.

By: IDG-Accel China Capital II Associates L.P.,

its General Partner

By: IDG-Accel China Capital GP II Associates Ltd.,

its General Partner

By:   /s/ Quan Zhou
Name:   Quan Zhou
Title:   Authorized Signatory

 

IDG-Accel China Capital II Investors L.P.

By: IDG-Accel China Capital GP II Associates Ltd.,

its General Partner

By:   /s/ Quan Zhou
Name:   Quan Zhou
Title:   Authorized Signatory
IDG-Accel China Capital II Associates L.P.

By: IDG-Accel China Capital GP II Associates Ltd.,

its General Partner

By:   /s/ Quan Zhou
Name:   Quan Zhou
Title:   Authorized Signatory
IDG-Accel China Capital GP II Associates Ltd.
By:   /s/ Quan Zhou
Name:   Quan Zhou
Title:   Authorized Signatory
By:   /s/ Quan Zhou
Name:   Quan Zhou
By:   /s/ Chi Sing Ho
Name:   Chi Sing HO

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

SHAOHAN JOE CHOU
By:   /s/ Shaohan Joe Chou

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

DAVID HSIAOMING TING
By:   /s/ David Hsiaoming Ting

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

THE 2012 MKB IRREVOCABLE TRUST
By:   /s/ Michael Chang
Name:   Michael Chang
Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

TING CHILDRENS IRREVOCABLE TRUST
By:   /s/ Michael Chang
Name:   Michael Chang
Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

TING FAMILY TRUST
By:   /s/ David Ting
Name:   David Ting
Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

MICHAEL CHANG
By:   /s/ Michael Chang

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

LINDA CHANG TING
By:   /s/ Linda Chang Ting

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

SUNSHUI HOPESON CAPITAL LIMITED
By:   /s/ Deng Yanbo
Name:   Deng Yanbo
Title:   Authorized Signatory

 

SHANGHAI YIHAO STOCK EQUITY INVESTMENT FUND PARTNERSHIP ENTERPRISE (LIMITED PARTNERSHIP)
By:   /s/ Deng Yanbo
Name:   Deng Yanbo
Title:   Authorized Signatory

 

HU JUNBO
By:   /s/ Hu Junbo

 

DENG YANBO
By:   /s/ Deng Yanbo

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

PENG CHEN
By:   /s/ Peng Chen

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

JIMEI LIU
By:   /s/ Jimei Liu

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

MANGLI ZHANG
By:   /s/ Mangli Zhang

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

YANBING ZHANG
By:   /s/ Yanbing Zhang

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

TAO LIU
By:   /s/ Tao Liu

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

XIAOQING WANG
By:   /s/ Xiaoqing Wang

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

LILI HE
By:   /s/ Lili He

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

BO LIU
By:   /s/ Bo Liu

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

YIDONG XU
By:   /s/ Yidong Xu

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

ROBERT ZHU
By:   /s/ Robert Zhu

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

BROAD STREET PRINCIPAL INVESTMENTS, L.L.C.
By:   /s/ Crystal Orgill
Name:  

Crystal Orgill

Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

MBD 2014 HOLDINGS, L.P.

By: MBD Advisors, L.L.C., its General Partner

By:   /s/ Crystal Orgill
Name:  

Crystal Orgill

Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

STONE STREET 2014 HOLDINGS, L.P.

By: Bridge Street Opportunity Advisors, L.L.C., its General Partner

By:   /s/ Crystal Orgill
Name:  

Crystal Orgill

Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

BRIDGE STREET 2014 HOLDINGS, L.P.

By: Bridge Street Opportunity Advisors,

L.L.C., its General Partner

By:   /s/ Crystal Orgill
Name:   Crystal Orgill
Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

THE GOLDMAN SACHS GROUP, INC.
By:   /s/ Crystal Orgill
Name:   Crystal Orgill
Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

GOLDMAN SACHS & CO. LLC
By:   /s/ Crystal Orgill
Name:   Crystal Orgill
Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

GENESIS CAPITAL ENTERPRISE INC
By:   /s/ Mingxia Fu
Name:   Mingxia Fu
Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

MINGXIA FU
By:   /s/ Mingxia Fu

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

CBLC INVESTMENT LIMITED
By:   /s/ WONG Wai Shan
Name:   WONG Wai Shan
Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

CITRON PE FUNDS II LIMITED
By:  

/s/ WONG Wai Shan

Name:  

WONG Wai Shan

Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

CCAP BEST LOGISTICS HOLDINGS LIMITED
By:  

/s/ Chan Chi Kwan Karen

Name:  

Chan Chi Kwan Karen

Title:   Director

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

CDIB CAPITAL INVESTMENT I LIMITED
By:  

/s/ David Chou

Name:  

David Chou

Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

KGI FINANCIAL HOLDING CO., LTD.
(former name China Development Financial Holding Corporation)
By:  

/s/ Janet Sheng

Name:   Janet Sheng
Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

SHANGHAI GUANGSHI INVESTMENT CENTER (LIMITED PARTNERSHIP)
By:  

/s/ WEIFENG WANG

Name:   WEIFENG WANG
Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]


IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 11, 2024.

 

EVERBRIGHT (TIANJIN) INDUSTRIAL INVESTMENT FUND MANAGEMENT CO., LTD.
By:  

/s/ WEIFENG WANG

Name:   WEIFENG WANG
Title:   Authorized Signatory

 

[Project Silk Signature Page to Joint Filing Agreement]