This announcement is a separate document:
华泰联合证券有限责任公司关于宿迁京东卓风企业管理有限公司要约收购德邦物流股份有限公司之独立财务顾问报告
Independent Financial Adviser Report of Huatai United Securities Co., Ltd. on Suqian Jingdong Zhuofeng Enterprise Management Co., Ltd.'s offer to acquire Debang Logistics Co., Ltd.
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