HIVEBOX Raises $400 million in Funding, CEC Capital Group Served as Exclusive Financial Advisor.

S.F. Holding announced that, to continue expanding its network, quickly secure advantageous location in the last mile of express logistics, provide customers with higher quality services, and enhance end-to-end efficiency, it plans raise capital through its overseas wholly-owned subsidiary, Liangyue Limited, which holds shares in the joint-stock company HiveBox Holdings Limited.

HiveBox Holdings Limited plans to sign a "Share Purchase Agreement" and "Shareholders' Agreement" with Trustbridge Partners VII, L.P., AsiaForge (Cayman) Ltd., SCC Growth VI 2020 F, L.P., Redview Capital Investment VII Limited, All-Stars PEI ISP VI Limited, All-Stars PESP X Limited (hereinafter referred to as the "Investors") and the existing shareholders. The aforementioned investors will jointly contribute $400 million to subscribe for 483,574,899 newly issued common shares of HiveBox Holdings Limited.

CEC Capital Group served as the exclusive financial advisor for HiveBox Holdings Limited in this transaction.