Best inc. receives notice regarding nyse continued listing standards

Hangzhou, china , nov. 8, 2022 /prnewswire/ -- best inc. (nyse: best) ("best" or the "company"), a leading integrated smart supply chain solutions and logistics services provider in china and southeast asia ("sea"), today announced that it received a letter from the new york stock exchange (the "nyse"), dated october 19, 2022, notifying the company that it was not in compliance with applicable price criteria (the "price criteria") in the nyse's continued listing standards because, as of october 17, 2022, the average closing price of the company's american depositary shares (the "adss") was less than us$1.00 per ads over a consecutive 30 trading-day period. pursuant to section 802.01c of the nyse's listed company manual, the company has six months ("the cure period") following receipt of the notice to regain compliance with the minimum share price requirement.
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