Highlights of the Global Offering:

-- Number of Offer Shares under the Global Offering: 43,211,000 H Shares (subject to the Over-allotment Option);

-- Number of Hong Kong Offer Shares: 4,322,000 H Shares (subject to adjustment);

-- Number of International Offer Shares: 38,889,000 H Shares (subject to adjustment and the Over-allotment Option);

-- Offer Price Range: HK$2.9 to HK$3.5 per H Share;

-- The Hong Kong Public Offering is expected to close at 12:00 noon (at 11:30 a.m. for completing electronic applications under the White Form eIPO service) on Thursday, 2 March 2023;

-- Dealings in the H Shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on Thursday, 9 March 2023;

-- Haitong International Capital Limited is the Sole Sponsor.

In 2002, the predecessor of Logory was established in Beijing. The Company has successfully built a digitalized ecosystem for road freight transportation in China. According to China Insights Industry Consultancy Limited ("CIC"), the Company operates one of the largest digital freight platforms in China in terms of Online GTV during the three years ended 31 December 2019, 2020 and 2021 and the nine months ended 30 September 2022. The Company provides digital freight services and solutions to shippers, such as logistics companies and cargo owners, as well as truckers. In recent years, the Company's business scale has recorded a general trend of growth. From 2019 to 2021, the Online GTV of shipping orders completed on the Company's digital freight platform was RMB23.4 billion, RMB27.9 billion and RMB38.0 billion respectively. The Company has served over 11,600 shippers and 2.7 million truckers who had completed an aggregate of over 36.2 million shipping orders on the Company's digital freight platform as of 30 September 2022.

In addition, the Company also operates Trucker Community, an "online + offline" community for truckers, and Truck Plus, a comprehensive portfolio of truck sales and aftermarket solutions. According to CIC, Trucker Community is the largest community for truckers in China and the largest community in the logistics industry in China, in terms of the number of registered users as of 31 December 2021. Trucker Community and Truck Plus business provide strategic value complement to the Company's digital freight business and generate strong synergies.

Logory plans to offer an aggregate of 43,211,000 H Shares (subject to the Over-allotment Option), of which 4,322,000 H Shares (subject to adjustment) will be offered in the Hong Kong Public Offering, and 38,889,000 H Shares (subject to adjustment and the Over-allotment Option) will be offered by way of International Offering. The Offer Price will not be more than HK$3.5 per H Share and is currently expected to be not less than HK$2.9 per H Share.

The Hong Kong Public Offering commenced on Monday, 27 February 2023 and is expected to close at 12:00 noon (at 11:30 a.m. for completing electronic applications under the White Form eIPO service) on Thursday, 2 March 2023. Dealings in the H Shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on Thursday, 9 March 2023. The H Shares will be traded in board lots of 1,000 H Shares each.

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