BEST Inc. has finalized its merger with Phoenix Global Partners, now operating as a fully owned subsidiary of BEST Global Partners. Following the merger, BEST Inc. is no longer a publicly traded company, and stockholders have received US$2.88 per American Depository Share. A trading suspension request on the NYSE was submitted by the company, effective March 10, 2025, in connection with the merger. Shareholders will be given instructions on exchanging shares for cash based on the information provided by BEST Inc.