Jiajiayue Group (603708.SH) signs an investment agreement for the Smart Logistics Park project, with an expected fixed asset investment of approximately 350 million yuan.

Jiajiayue Group (603708.SH) announced that on November 18, 2024, the company held the 31st meeting of the fourth board of directors and the 24th meeting of the fourth board of supervisors to review and approve the "Proposal on Signing the Project Investment Agreement with the YUQUAN District People's Government of Hohhot City". The company's management was authorized to sign the agreement and handle all matters related to this investment. The project, tentatively named Jiajiayue Group Smart Logistics Park Project, is expected to involve a fixed asset investment of approximately 350 million yuan (final amount subject to the project plan and feasibility report), and is planned to be constructed in two phases. The project will include cold chain fresh logistics, prefabricated vegetable production, ambient temperature storage facilities, product sales and display centers, research and testing centers, and a gas station. This cooperation will positively impact the company's supply chain capabilities in Hohhot and surrounding cities. Upon completion of the project, the logistics distribution capabilities in the region will be significantly enhanced, complementing the company's existing logistics centers and improving distribution efficiency. Additionally, it will enhance the company's fresh produce operations and the deep processing capabilities of Shenzhen Agricultural Power Group, forming a comprehensive industry chain system with traceable raw materials, standardized production, and cold chain logistics distribution. This will strengthen the company's core competitiveness and drive long-term development.