Full Truck Alliance Co. Ltd. announces the gross value of the transaction for the first quarter of 2022

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GUIYANG, China, April 25, 2022 /PRNewswire/ — Full Truck Alliance Co. Ltd. (“FTA” or the “Company”) (NYSE: YMM), a leading digital freight platform, today announced that the Company has facilitated 25.2 million fulfilled orders with a gross transaction value (“ GTV”) of RMB530.6 billion in the three months ended March 31, 2022representing year-on-year growth of 13.6% and 4.2%, respectively.

Since March 2022major outbreaks of the Omicron variant of COVID-19 have occurred in many parts of China. These outbreaks have prompted lockdowns, highway closures and other restrictive measures across Chinawhich have seriously disrupted the operations of countless shippers and truckers.

The Company is unable to accurately predict the full impact of Omicron outbreaks due to numerous uncertainties, including the geographic extent of outbreaks, duration of outbreaks, additional restrictive measures that may be taken by authorities governmental, as well as the subsequent impact on the activities of shippers, truckers and other actors in the ecosystem. Unless Omicron outbreaks are quickly contained, the Company expects such outbreaks to have a material adverse effect on the Company’s business and results of operations. For the second quarter of 2022, the company is expected to experience a year-over-year decline in GTV and orders fulfilled.

About Full Truck Alliance Co. Ltd.

Full Truck Alliance Co. Ltd. (NYSE: YMM) is a leading digital freight platform, connecting shippers with truckers to facilitate shipments across distances, weights and types of freight. The Company provides a range of freight matching services, including freight listing service, freight brokerage service and online transaction service. The Company also offers a range of value-added services that meet the various needs of shippers and truckers, such as financial institutions, road authorities and service station operators. With a mission to make logistics smarter, the company is shaping the future of logistics through technology and aspires to revolutionize logistics, improve efficiency across the value chain and reduce its carbon footprint to our planet. For more information, please visit ir.fulltruckalliance.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements that are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as “may” , “should”, “expects”, “anticipates”, “aims”, “estimates”, “intends”, “plans”, “believes”, “potential”, “continues”, “is/ are likely to” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including, but not limited to, the following: FTA’s objective and strategies; FTA’s expansion plans; the future business development, financial condition and results of operations of FTA; anticipated changes in FTA’s revenues, costs or expenses; the industry landscape and trends of, China road transport market; competition in the FTA industry; FTA’s expectations regarding market demand and acceptance of its services; FTA’s expectations regarding its relationships with shippers, truckers and other ecosystem participants; The ability of the FTA to protect his systems and infrastructures against cyberattacks; Laws, regulations and policies of the PRC relating to the road transport market, as well as the general regulatory environment in which FTA operates in China; the results of the regulatory review and the duration and impact of any regulatory action taken against FTA; the impact of the COVID-19 pandemic, extreme weather conditions and production constraints induced by electricity rationing measures; the general economic and commercial situation; and assumptions underlying or relating to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statements except as required by applicable law.

For investor and media inquiries, please contact:

In China:

Full Truck Alliance Co. Ltd.
Mao Mao
E-mail: [email protected]

Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: [email protected]

In United States:

Piacente Group, Inc.
Brandi Piecente
Tel: +1-212-481-2050
E-mail: [email protected]

SOURCE Full Truck Alliance Co. Ltd.

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