Net proceeds are earmarked for general corporate purposes, including working capital needs and the expansion of the company’s overseas business operations across 16 countries and six continents. Jayud Global Logistics has entered into a securities purchase agreement to sell 5,025,000 Class A ordinary shares at $1.34 each in a registered direct offering, generating approximately $6.73 million in gross proceeds. The offering is scheduled to close on or about March 17, subject to customary closing conditions and leveraging an effective F-3 shelf registration statement declared effective July 3, 2024. FT Global Capital, Inc. is serving as the exclusive placement agent for the offering, with securities offered pursuant to a previously declared effective shelf registration statement filed with the U.S. Securities and Exchange Commission.