Ellington Management Group’s BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares BEST Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2020 Q1	–	Sell	-695	Closed	-$77K	–	778
2019 Q4	$77K	Buy	+695	New	+$77K	0.02%	470
2019 Q2	–	Sell	-1,775	Closed	-$186K	–	798
2019 Q1	$186K	Buy	+1,775	New	+$186K	0.03%	460
2018 Q1	–	Sell	-1,560	Closed	-$280K	–	1043
2017 Q4	$280K	Buy	+1,560	New	+$280K	0.05%	382