Shengfeng Development CEO Purchases 500K Class A Ordinary Shares In The Open Market At An Average Price Of $1.289 Per Share

Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ:SFWL), a contract logistics company in China providing customers with integrated logistics solutions, today announced that Mr. Yongxu Liu, the Company's Chairman, Chief Executive Officer and the largest beneficial shareholder of the Company, has purchased 500,000 Class A ordinary shares of the Company in the open market at an average price of $1.289 per share (the "Shares").

The purchases of Shares were made on October 14, 2024 and October 15, 2024.