STO Express: Plans to Raise No More Than 3 Billion Yuan for Smart Logistics Equipment Upgrade Project and Others

STO Express announced that the total amount of funds to be raised from this issuance of convertible bonds to unspecified investors will not exceed 3 billion RMB (including this amount). After deducting issuance costs, all funds will be invested in smart logistics equipment upgrade projects and trunk transportation network enhancement projects.

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