STO Express's equity investment fund completes registration

STO Express announced on November 5, 2025, that its jointly established "Jicang Phase III Equity Investment Fund (Beijing) Partnership (Limited Partnership)" has successfully completed its industrial and commercial registration. The fund's formation was approved by STO Express's board and supervisory board on August 28, 2025, and it now holds a business license issued by the Beijing Daxing District Market Supervision and Administration Bureau.

The fund, with a registered capital of CNY 1 bn, lists its establishment date as November 3, 2025. Its general partners are Guoshou Property Investment Management Co., Ltd. and Hangzhou Youpeng Enterprise Management Co., Ltd., each contributing 0.1%. STO Express's wholly-owned subsidiary, Shanghai Shenche Supply Chain Management Co., Ltd., is a limited partner, contributing 30% of the capital.

Other significant limited partners include Zhonghong Life Insurance Co., Ltd. with 20%, AIA Life Insurance Co., Ltd. with 26.6%, and Changsha Jucai No. 1 Equity Investment Fund Partnership (Limited Partnership) with 18.2%. The fund's primary business activities involve private equity investment fund management and venture capital fund management services.