FedEx Increases Frequency of International Cargo Flight Connecting Xiamen to U.S.

Xiamen, China, November 21, 2024 - Federal Express Corporation (FedEx), one of the world’s largest express transportation companies, today announced the increased frequency of an international cargo flight fromXiamen to the U.S., along with the inauguration of its Xiamen international gatewayfacility. FedEx is theonlyinternational express company operating international flights inXiamen.

The flight, operating five times a week, enhancesthe FedEx logistics network in Fujian, facilitatingChinese customers'access to global markets through more efficient, flexible and intelligent logistics services and solutions. The flight departs from Xiamen Gaoqi International Airport, China,and stops in Incheon, South Korea before arriving in Anchorage, Alaska and Memphis, Tennessee, in the U.S. This also marks a milestone for Xiamen Gaoqi International Airport with the launch of Memphis as a new international destination.

The flight which beganoperationswith a once-weekly service in June 2024,has now been expanded to five flights per week from Tuesday to Saturday, utilizing a B777 freighter.The flight reduces transit timesfor Fujian’s outbound parcels and freight shipments to North America by one to two days.

Meanwhile, FedEx has officially inaugurated its Xiamen gateway at Xiamen Gaoqi International Airport,collaborating withAirport Cargo Terminal of Iport Group.The facility spans over 3,800 square meters. Primarily serving customers in Xiamen and Fujian Province, italso supports some cargo exports from Changsha, Hunan Province, and Shantou, Guangdong Province. Equipped with fully automated sorting lines, it integrates sorting for cross-border e-commerce cargo and express parcels, improvingoperational efficiency.

FedEx isthe first express company to establish its presence at Airport Cargo Terminal International Express Centre of Iport Group. Thecentreis equipped with an integratedexpress handlingsystemwith four major functionsincludingsecurity check, inspection, sorting,and collection and transportation.This allows FedEx outbound shipmentsto complete customs clearance within the centreand complete sorting at the FedExinternational gateway facility, simplifyingthe operation process and increasing customsclearanceefficiency.

"China is pivotal to FedEx’s global strategy. From parceltransportationto freightdelivery, we constantly drive greater value for Chinese customers benefitting from our one-stop-shop approach for reliable global service and smart digital solutions,"said Robert Chu, Vice President of FedEx China."The flight expansion will expand our capacity and extend our service network to more second- and third-tier cities in China.And our operations in XiamengatewayandAirport Cargo TerminalInternational Express Centre willallow us to further expeditecustoms clearance and empower local businesses in accessing global export opportunities, supportingXiamen to drive foreign trade."

Xiamen has been a strategically important city for FedEx in China. In March 2023, FedEx established a strategic collaboration with the Xiamen Municipal Government to optimize and expand international air cargo operations in the city, supporting cross-border e-commerce growth, and promoting sustainable logistics development. These new developments are a significant step in implementing this strategic cooperation and a major initiative to help Xiamen increase air cargo capacity and become an international air hub. This will also support the upgrade of regional and international cargo channels in Xiamen, enhance its international logisticscompetitiveness, and contribute to its goal of becoming an "international logistics hub and a central city of logistics on the southeast coast."

In the firsttenmonths of 2024, Fujian's total import and export value exceeded RMB1.6trillion, a 1.7% increase year-on-year. From Jan to Octin 2024, Xiamen led all preferential cities in Fujian with a total import and export value ofRMB771.93 billion, with exports at RMB408.88 billion, a 10% year-on-year increase.The flight and facility will better connect Xiamen and Fujian with Asia and North America, providing new momentum for foreign trade.

This year marks the 40th anniversary of FedExoperations in China. Since entering the market in 1984, FedEx has consistently invested strategically to enhance its infrastructure and network connectivity underpinned by big data, AI and other digital technologies to benefit Chinese customers. Withnearly11,000 employees and nearly 3,000 vehicles,FedEx has establishedsix gateways in Beijing, Shanghai, Guangzhou, Shenzhen, Qingdao,and Xiamen, operating over 300 flights weekly inand out of China.