Gelonghui, December 29丨Tiancai Holdings (03882.HK) announced that Wuhan Xiu Life Convenience Store Co., Ltd. (“Wuhan Xiu Life”, a non-wholly-owned subsidiary of the company) and JD Logistics Co., Ltd. (“JD Logistics”), a wholly-owned subsidiary of JD Logistics Co., Ltd. (whose shares are listed on the main board of the Stock Exchange (stock code: 2618)), one of the largest integrated supply chain logistics service providers in China, have signed a business cooperation agreement. According to this, JD Logistics will provide comprehensive supply chain solutions, including warehousing, supply chain and distribution services, and related solutions It will be integrated into the Group's operations.
The board of directors believes that the conclusion of this agreement and cooperation between the Group and JD Logistics will provide a valuable opportunity for the Group to utilize the complementary resources and expertise provided by JD Logistics Co., Ltd. and enhance the Group's profitability by improving operational efficiency and reducing logistics costs. The directors believe that this cooperation will bring returns and better performance to the Group and conform to the overall interests of the company and its shareholders.