Singapore, 5 July 2011

acquired a 20% stake in Shenzhen 4PX Express Co., Ltd. (“4PX”) through its wholly-owned

subsidiary, Quantium Solutions International Pte Ltd. (“QSI”),

approximately S$12 million.

4PX, incorporated in Shenzhen, the People’s Republic of China, is a company that provides

international express delivery services, international freight forwarding, import and export of

goods and import and export of technology. 4PX offers a full suite of services relating to eprocurement,

warehouse management, inventory management, order fulfilment and

processing, and express delivery to support cross-border e-commerce transactions from

China to the rest of the world (mainly USA, Europe and Japan). The company is also the

global distribution partner for eBay and PayPal in the China market.

Said Mr Li Yue, Managing Director of 4PX: “We are excited with this investment by SingPost

with whom we have fostered a good business relationship since 2009 as their customer.

4PX will continue to focus on the cross-border e-commerce market and we aim to be a

leading global e-commerce logistics player in China with a global distribution network,

providing customers with a wide option of reliable, cost effective and secured express

delivery and logistics services.”

Mr Ng Hin Lee, SingPost’s Chief Executive Officer (Postal and Corporate Services) who is

also overseeing the Group’s strategic acquisition portfolio said: “We are pursuing growth in

regional logistics and e-commerce, both of which offer tremendous potential in the new

globally connected marketplace. This investment with 4PX is a strategic one for SingPost as

it gives us a platform for entry into the outbound logistics and the high-growth e-commerce

market in China and globally, especially into USA, UK and Australia where 4PX has set up

operations. The investment will allow us to further enhance and broaden our presence and

network in the Asia Pacific region. It certainly helps us in our drive to develop a more

balanced revenue and earnings portfolio, both from the standpoints of growing non-mail

revenue and increasing overseas contribution.”

Added Dr Wolfgang Baier, SingPost’s Chief Executive Officer (International): “Our core

competency and existing infrastructure provide us a good vantage point to further develop

these businesses. We have been strengthening our regional logistics network by investing in

logistics companies which provide the right fit for SingPost’s expansion including GD

Express Carrier Berhad in Malaysia and Indo Trans Logistics Corporation in Vietnam. This

investment in 4PX will further boost our ambition in e-commerce and regional logistics,

leveraging our e-fulfilment capability.”

SingPost’s regional business currently spans 10 countries in Asia Pacific through whollyowned