Full Truck Alliance Co. Ltd.

FTA is a leading digital freight platform in China that connects shippers with truckers to facilitate shipments across various distance ranges, cargo weights, and types. The company has developed a digital, standardized, and smart logistics infrastructure across the value chain. In the fourth quarter of 2025, an average of approximately 3.28 million shippers posted shipping orders on the FTA platform each month. In 2025, 4.6 million truckers fulfilled shipping orders on the FTA platform, and the Group facilitated 236.3 million fulfilled orders. The FTA platform aims to contribute to a cleaner environment by reducing empty miles and wasted fuel, and improving load efficiency. It also supports truckers' welfare by increasing their earnings potential through efficient freight matching, establishing fair platform rules, and undertaking social initiatives. In 2025, the Group began exploring opportunities to expand its freight matching services into selected international markets through Qmove, its overseas digital freight platform. As of December 31, 2025, Qmove had been launched in selected markets and was in its early stage of development. Yunmanman, founded in 2013, and Huochebang, founded in 2011, merged to create FTA in 2017, establishing a nationwide road logistics network.