What is the relationship between Fengpaida and Shunfeng?

It is a wholly-owned subsidiary of SF City. Shanghai Fengpaida Supply Chain Co., Ltd., established in June 20 19 and headquartered in Shanghai, is a wholly-owned subsidiary of SF Express, providing real-time urban distribution operation services. Real-time urban distribution operators provide efficient and dynamic urban distribution services for local customers such as restaurants, supermarkets, fresh food and fast-moving consumer goods.