SHENGFENG DEVELOPMENT Ltd

For the period ended Jun 30, 2026. Filed Sep 15, 2026.

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Jun 30, 2026 · Filed Sep 15, 2026

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SFWL$3.48-2.1%Stored close · as of Nov 6, 2026

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Contents

EX-99.1 · Notes payable

Notes payable

Notes payable represents trade accounts payable due to various suppliers where the Company’s banks have guaranteed the payment. The notes are non-interest bearing and normally paid within three to twelve months. The Company shall keep sufficient cash in designated bank accounts or notes receivable pledged to the bank as security for payment processing.

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

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