Recent Securities Litigations

Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20 Class A Ordinary Share (NYSE: YMM)

Company Name:Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20 Class A Ordinary Share
Stock Symbol:NYSE: YMM
Class Period Start:06/21/2021
Class Period End (inclusive):07/12/2021

On or about May 27, 2021, FTA filed with the SEC a Registration Statement on Form F-1, which in combination with subsequent amendments of Forms F-1/A and filed pursuant to Rule 424(b)(1), would be used for the IPO.

The Complaint alleges that the Registration Statement featured false and/or misleading statements and/or failed to disclose that: (1) FTA’s apps Yunmanman and Huochebang would face an imminent cybersecurity review by the Cyberspace Administration of China ("CAC"); (2) the CAC would require FTA to suspend new user registration; (3) FTA needed to conduct a “comprehensive self-examination of any cybersecurity risks”; (4) FTA needed to “continue to improve its cybersecurity systems and technology capabilities”; and (5) as a result, Defendants’ public statements were materially false and misleading at all relevant times and negligently prepared.