China Master Logistics announced that the company plans to sign an investment agreement with MEDLOG S.A. to transfer 100% equity of China Master Tianjin, 90% equity of Shanghai Zhileng, and 50% equity of Ningbo Meishan Yuanda to a wholly-owned subsidiary, Ocean Smart Supply Chain Co., Ltd. After the equity transfer is completed, MEDLOG S.A. will increase the capital of the platform company by 0.219 billion yuan. After the capital increase, China Master Logistics and MEDLOG S.A. will each hold 50% equity of the platform company. This transaction does not constitute a related party transaction, nor does it constitute a major asset restructuring, and does not require approval at a shareholders' meeting. After the transaction is completed, China Master Tianjin and Shanghai Zhileng will no longer be included in the consolidated financial statements of China Master Logistics.