Zhitong Financial APP News, China Trade Logistics (603128.SH) issued a notice, the company is concerned about the media release of the company's "withdrawal of 67.23% equity interest in Hangzhou Jiacheng International Logistics". In order to avoid misleading investors, we would like to make the following clarification on the above report:

Hangzhou Jiacheng International Logistics Co., Ltd. (hereinafter referred to as "Jiacheng Logistics") is a holding subsidiary of the company. The company completed the acquisition of 70% of Jiacheng Logistics shares in 2021. After the acquisition, the proportion of shares held by Jiacheng Logistics has not changed. The media report that the company "withdrew 67.23% of Hangzhou Jiacheng International Logistics" is not in line with the actual situation.

The company has actively developed cross-border e-commerce logistics business in the past two years, and has further accelerated its development after the acquisition of Jiacheng Logistics. The strategic layout of the company in the field of cross-border e-commerce logistics has begun to take shape, providing services to post, cross-border e-commerce platforms and sellers, and service capabilities include front-end collection of goods, transshipment and distribution, export customs declaration, trunk transportation, import customs clearance, overseas warehouse allocation, and the ability to integrate final delivery, service products include postal parcels, FBA lines, international express delivery and personal express. The company is integrating the resources of the members of the cross-border e-commerce logistics sector, combining the traditional trade of general goods, postal parcels and Jiacheng logistics' FBA e-commerce goods, to build a global supply chain service system serving the cross-border e-commerce industry.