Indus Capital Partners’s BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares BEST Stock Holding History

Indus Capital Partners’s Portfolio BEST Stock Details BEST Fund Activity

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Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q3	–	Sell
2019 Q2	$7.58M	Buy
2019 Q1	$6.6M	Sell
2018 Q4	$6.34M	Buy
2018 Q3	$6.39M	Buy
2018 Q2	$7.53M	Buy