FedEx Statement on Investigation in China

We have seen the announcement from the China State Post Bureau about the investigation and are following up on the findings.  We have and will continue to fully cooperate with the Chinese authorities on the investigation and we are committed to full compliance with all applicable laws and regulations. These shipments in question were handled while we were trying to comply with the U.S. DOC BIS order which was unclear and resulted in considerable complexity for our operations. We apologize for any confusion or harm to our customers as a result. This is why FedEx initiated the suit against the U.S. DOC to prevent similar occurrences happening in the future. FedEx values our business in China, and we are committed to improving our service to customers and providing the best workplace for our employees.