On December 6, 2024, JD.com Group's consolidated subsidiary JD Logistics Co., Ltd. announced the signing of an equity transfer agreement to acquire approximately 36.43% of the remaining equity interest in Kuayue Express Group Co., Ltd. The purchase price for this trade will not exceed 6,484 million yuan, and it may be adjusted according to the provisions of the agreement. Upon completion of the transaction, JD Logistics will hold 100% equity interest in Kuayue Express, which will be completed through a series of steps and must comply with customary closing conditions. JD Logistics currently holds approximately 63.57% of the equity interest in Kuayue Express, and this acquisition will make it a wholly-owned subsidiary of Kuayue Express. This move is expected to further enhance JD...Show More

On December 6, 2024, JD.com Group's consolidated subsidiary JD Logistics Co., Ltd. announced the signing of an equity transfer agreement to acquire approximately 36.43% of the remaining equity interest in Kuayue Express Group Co., Ltd. The purchase price for this trade will not exceed 6,484 million yuan, and it may be adjusted according to the provisions of the agreement. Upon completion of the transaction, JD Logistics will hold 100% equity interest in Kuayue Express, which will be completed through a series of steps and must comply with customary closing conditions. JD Logistics currently holds approximately 63.57% of the equity interest in Kuayue Express, and this acquisition will make it a wholly-owned subsidiary of Kuayue Express. This move is expected to further enhance JD Logistics' market position and competitiveness in the logistics sector. Mr. Liu Qiangdong, Chairman of the Board of Directors of JD.com Group, stated in the announcement that this acquisition aligns with the company's long-term strategic goals and will help improve the overall operation efficiency and market share of the company. This announcement is issued by JD.com, Inc. in accordance with the listing rules of the Hong Kong Stock Exchange and the Securities and Futures Ordinance and does not constitute an offer or solicitation for the sale of any securities. Shareholders and investors should be aware of the potential risks of investing in companies with different voting rights structures.