China Post Express Logistics Co., Ltd. announced

China Post Express Logistics Co., Ltd. announced, with the approval of the China Securities Regulatory Commission, China Post Courier logistics for strategic adjustment considerations, withdrew the IPO application materials.

China Post Courier Logistics was established in June 2010, and the Chinese Securities Regulatory Commission in August 2011 submitted a listing application, May 4, 2012. Due to the great changes in the express logistics market in recent years, the capital market and regulatory measures have also undergone significant changes.

In order to improve their ability to cope with market competitiveness, China Post Express Logistics decided to implement strategic adjustment, the organizational structure from the original parent-subsidiary company system adjusted to more effective, more suitable for the characteristics of network enterprises of the total corporate system. At the same time, according to business needs, the direct operation of the regional scope, management level of the market-oriented adjustment. Taking into account the implementation of the above major adjustments will affect the listing process, so the initiative to withdraw the IPO reporting materials. China Post Courier Logistics to be adjusted in place, according to market environment changes, and then timing into the capital market.