Jiayou International Logistics (603871.SH) signs a strategic cooperation memorandum with the China-Africa Development Fund.

Jiayou International Logistics (603871.SH) announced that in order to accelerate the company's cross-border logistics infrastructure construction and network layout in Africa, on November 27, 2025, the company signed a "Strategic Cooperation Memorandum" with the China-Africa Development Fund Limited (referred to as the "China-Africa Development Fund"). The two parties will conduct deep cooperation around investment and financing coordination, resource sharing, and regional logistics network construction, to accelerate the implementation of the company's core channels and hub projects in central and southern Africa. This cooperation will strengthen the company's comprehensive layout in Africa, including land port management, main line network, public and rail transportation, and warehousing nodes, enhance regional operational organizational efficiency, establish a cross-border comprehensive logistics chain from inland resource areas to multi-country seaports, significantly improve supply chain management and networked operational capabilities, and build a replicable and expandable cross-border logistics service system. On the same day, the company announced that its wholly-owned subsidiary, China-Africa International Logistics Investment Co., Ltd. (referred to as "China-Africa International"), plans to issue 3 million preferred shares to the China-Africa Development Fund at a subscription price of 100 yuan per share, with a total subscription price of 300 million yuan.