Jiayou International Logistics (603871.SH) plans to invest over 50 million US dollars in the construction and operation of a port and road upgrade project in Zambia.

Jiayou International Logistics (603871.SH) announced that, in order to further expand the cross-border logistics transportation channel of Zambia's copper-cobalt mining belt, its wholly-owned subsidiary Central Africa International Logistics Investment Co., Ltd. (referred to as "Central Africa International"), along with its controlled subsidiary JASWORLD PORT LIMITED, has signed a contract for the design, financing, construction, and operation franchise of the Mokambo Port and the upgrade and renovation of the Mufurila to Mokambo Road with the Zambian Ministry of Finance and National Planning, the Road Development Agency, and the Ministry of Commerce, Trade, and Industry. The total investment for this project is $56,656,909.83, with the company holding 90% equity in JASWORLD PORT LIMITED, investing $50,991,218.85, sourced from the company's own funds and self-raised funds. It is reported that this investment in the Zambian franchise project is a further step in improving the logistics transportation channel construction in the southeast of the Democratic Republic of Congo, following investments in the Kasai Project, Dilolo Project, and the Zambian Sakania Project. By upgrading and renovating the Mokambo Port and surrounding roads in Zambia, the company aims to fully realize the seamless and efficient connection between the borders of the Congo and Zambia, thereby enhancing regional cross-border logistics efficiency and customs clearance efficiency. This will create a comprehensive cross-border transport network covering multiple countries in Central and Southern Africa, providing customers with more efficient and convenient cross-border logistics services, further solidifying the company's core competitiveness.