Jayud Announces Agreement with Zhuhai Xiaomi Communications, the World-Renowned Smartphone Maker Xiaomi's Subsidiary, to Provide Customs Services

Rhea-AI Summary

Jayud Global Logistics has entered into a customs service agreement with Zhuhai Xiaomi Communications, a subsidiary of Xiaomi Corporation. The partnership aims to optimize Xiaomi's international cargo operations and improve its global supply chain efficiency.

Positive

• Jayud's partnership with Xiaomi is expected to enhance Xiaomi's operational efficiency in its top three export markets - India, Indonesia, and Vietnam - fostering continued growth.

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• None.

SHENZHEN, China, Sept. 5, 2023 /PRNewswire/ -- Jayud Global Logistics Limited (NASDAQ: JYD) ("Jayud" or the "Company"), one of the leading Shenzhen-based end-to-end supply chain solution providers in China, with a focus on providing cross-border logistics services, today announced that it has entered into a customs service agreement with Zhuhai Xiaomi Communications Co., Ltd, a wholly owned subsidiary of Xiaomi Corporation. This partnership is designed to streamline and optimize Xiaomi's international cargo operations, including import and export customs clearances and related services at each port.

Under the terms of the agreement, Jayud will use its extensive technology and in-house expertise to simplify the complexity of Xiaomi's international cargo operations. Jayud aims to improve the efficiency and effectiveness of Xiaomi's global supply chain operations by offering a single point of contact throughout the entire process.

Xiaogang Geng, Chairman of the Board of Directors & Chief Executive Officer of Jayud, commented, "We commit to becoming Xiaomi's logistic solution provider in the near future, thus this partnership with Zhuhai Xiaomi Communications Co., Ltd will be instrumental. We believe our tailored customs services will greatly enhance Xiaomi's operational efficiency in its top three export markets - India, Indonesia, and Vietnam - fostering their continued growth."

Zhuhai Xiaomi Communications Co., Ltd, established in January 2013, has been at the forefront of smartphone technology, providing innovative products and solutions to consumers within the globe. Its key operations include procurement and sales of smartphones, ecosystem partners' products, spare parts, and procurement of raw materials. Xiaomi Corporation was founded in April 2010 and is listed on the Main Board of the Hong Kong Stock Exchange. Xiaomi is a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core. Meanwile, Xiaomi is the third-largest smartphone maker in China.

About Jayud Global Logistics Limited

Jayud Global Logistics Limited is one of the leading Shenzhen-based end-to-end supply chain solution providers in China, with a focus on cross-border logistics services. Headquartered in Shenzhen, the Company benefits from the unique geographical advantages of providing high degree of support for ocean, air and overland logistics. The Company has established a global operation nexus featuring logistic facilities throughout major transportation hubs in China and globally, with footprints in 12 provinces in Mainland China and 16 countries across 6 continents. Jayud offers a comprehensive range of cross-border supply chain solution services, including freight forwarding services supply chain management, and other value-added services. With its strong service capabilities and research and development capabilities in proprietary IT systems, the Company provides customized and efficient logistics solutions and develops long-standing customer relationships. For more information, please visit the Company's website: https://ir.jayud.com.

Forward Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as "may", "will", "expect", "anticipate", "aim", "estimate", "intend", "plan", "believe", "is/are likely to", "potential", "continue" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.

For more information, please contact:

Jayud Global Logistics Limited
Investor Relations Department
Email: ir@jayud.com  

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

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SOURCE Jayud Global Logistics Limited

FAQ

What is the partnership between Jayud Global Logistics and Zhuhai Xiaomi Communications?

Jayud Global Logistics has entered into a customs service agreement with Zhuhai Xiaomi Communications, a subsidiary of Xiaomi Corporation.

What are the expected benefits of the partnership for Xiaomi?

The partnership aims to optimize Xiaomi's international cargo operations and improve its global supply chain efficiency, particularly in its top three export markets - India, Indonesia, and Vietnam.

What are the main operations of Zhuhai Xiaomi Communications?

Zhuhai Xiaomi Communications is involved in procurement and sales of smartphones, ecosystem partners' products, spare parts, and raw materials.

What is Xiaomi Corporation known for?

Xiaomi Corporation is a consumer electronics and smart manufacturing company, specializing in smartphones and smart hardware connected by an IoT platform.