Mr. Elliott Etheredge reports

WISH JOINS FORCES WITH PUDO INC. TO ELEVATE ONLINE SHOPPING CONVENIENCE FOR U.S. AND CANADA SHOPPERS

ContextLogic Inc. (doing business as Wish), one of the world's largest mobile e-commerce platforms, has signed a partnership agreement with Pudo Inc. The partnership will allow Wish consumers to click and collect parcels from more than 1,200 Pudopoint counters across the United States and Canada.

The initiative aligns with Wish's broader goal to improve the shopping experience by providing enhanced levels of convenience for its shoppers. The convenience is rooted in the assurance that packages will be delivered safely to nearby secure locations whenever shoppers are away from home or have delivery restrictions at their home. By the end of the year, Wish Local's network of pickup points will total 24,000 globally.

"Through our collaboration with Pudo Inc., we're enhancing the shopping experience for our customers," said Bill Zhang, vice-president of global logistics and China general manager at Wish. "The partnership amplifies convenience by enabling hassle-free package retrieval from numerous locations. In parallel, it also opens up new avenues for independent retailers to drive increased foot traffic and revenue streams generated by package collections.

"Our continued commitment to innovation and customer satisfaction is driving us to expand Wish Local's pickup network to 24,000 points globally by year-end," concluded Mr. Zhang.

At checkout, Wish customers will be presented with several local pickup options where they can collect their item. Customers can choose Pudo outlets from the list of pickup options. Pudo has hundreds of locations covering every major market in the United States and Canada.

Elliott Etheredge, chief executive officer at Pudo, commented: "The partnership with Wish allows us to help Wish enhance the experience they provide to their customers. Ease and convenience are paramount for a positive shopper relationship and we are happy the Pudo network will provide this to Wish's customers. We are also excited at the ability to work with existing Wish locations to expand the Pudopoint returns network and further increase our network scope across the U.S. and Canada."

Earlier this year, Wish introduced flat-rate shipping to customers in its major markets. The flat-rate shipping fee is applied to all eligible items over $10, at no additional cost to merchants.

About Pudo Inc.

Pudo is North America's only independent parcel pickup and drop-off counter network. Pudo has created a network of more than 1,200 storefront partners known as Pudopoint counters, strategically located very near to where people live, work and play. Pudo partners with retailers and logistics providers to offer a last-mile pickup and returns network for e-commerce shoppers that reduces cost, increases convenience and provides package security to the last-mile of package logistics.

We seek Safe Harbor.