On August 23, 2019, the public issuance of convertible bonds of S.F. Holding Co., Ltd("SF") was approved by the China Securities Regulatory Commission.
SF, relying on the direct-operation mode, resources of "Sky Net + Ground Net + Information Net" and strong scientific and technological strength, has steadily occupied the leading position in domestic express logistics industry. In 2018, the operating income of SF reached RMB 90.943 billion.
In recent years, SF has steadily increased R&D investment in Big Data, Artificial Intelligence, precision map service platform, unmanned and automated operation, intelligent hardware, etc. SF ranks top of the domestic express delivery industry in terms of the number of patent applications, which cover the core logistics and breakthrough fields such as unmanned aerial vehicles, intelligent sorting, the application of Big Data, the construction of intelligent logistics networks, autopilot, and packaging and fresh-keeping technology.
The total amount of funds raised from the public issuance of convertible bonds by SF is not more than RMB 5,800 million (inclusive). After the completion of the raised investment projects, for SF, the air transport capacity and operational efficiency will be improved, the stability and security of air transport network will be enhanced, and the core competitiveness in the comprehensive logistics service field will be strengthened.
As the legal counsel of SF, Llinks provided professional services for public issuance of convertible bonds.
