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
facilitated 25.2 million fulfilled orders with gross
transaction value ("GTV") of RMB53.6 billion in the three months ended
March 31, 2022, representing 13.6%
and 4.2% year-over-year growth, respectively.
Since March 2022, major outbreaks
of the Omicron variant of COVID-19 have occurred in many parts of
China. These outbreaks have
resulted in lockdowns, highway closures and other restrictive
measures across China, which have
severely disrupted the operations of countless shippers and
truckers.
The Company is unable to accurately predict the full impact of
the Omicron outbreaks due to numerous uncertainties, including the
geographic scope of the outbreaks, the duration of the outbreaks,
additional restrictive measures that may be taken by governmental
authorities, as well as the further impact on the business of
shippers, truckers and other ecosystem participants. Unless the
Omicron outbreaks are swiftly brought under control, the Company
expects these outbreaks to have a material and adverse effect on
the Company's business and results of operations. For the second
quarter of 2022, the Company is likely to experience year-on-year
declines in both GTV and fulfilled orders.
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 distance ranges, cargo weights and types. The
Company provides a range of freight matching services including
freight listing service, freight brokerage service and online
transaction service. The Company also provides a range of
value-added services that cater to the various needs of shippers
and truckers, such as financial institutions, highway authorities,
and gas stations operators. With a mission to make logistics
smarter, the Company is shaping the future of logistics with
technology and aspires to revolutionize logistics, improve
efficiency across the value chain and reduce its carbon footprint
for our planet. For more information, please visit
ir.fulltruckalliance.com.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements which are made pursuant to the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as "may," "will," "expect," "anticipate," "aim,"
"estimate," "intend," "plan," "believe," "potential," "continue,"
"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
statement, including but not limited to the following: FTA's goal
and strategies; FTA's expansion plans; FTA's future business
development, financial condition and results of operations;
expected changes in FTA's revenues, costs or expenses; industry
landscape of, and trends in, China's road transportation market;
competition in FTA's industry; FTA's expectations regarding demand
for, and market acceptance of, its services; FTA's expectations
regarding its relationships with shippers, truckers and other
ecosystem participants; FTA's ability to protect its systems and infrastructures from
cyber-attacks; PRC laws, regulations, and policies relating to the
road transportation market, as well as general regulatory
environment in which FTA operates in China; the results of regulatory review and
the duration and impact of any regulatory action taken against FTA;
the impact of COVID-19 pandemic, extreme weather conditions and
production constraints brought by electricity rationing measures;
general economic and business condition; and assumptions underlying
or related 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 does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law.
For investor and media inquiries, please contact:
In China:
Full Truck Alliance Co. Ltd.
Mao Mao
E-mail: IR@amh-group.com
The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: FTA@thepiacentegroup.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: FTA@thepiacentegroup.com
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SOURCE Full Truck Alliance Co. Ltd.