YTO INTL EXP plans to acquire two plots of land in Kazakhstan for USD 6.1315 million

According to the Zhitong Finance APP, YTO International Express (06123) announced that in order to deepen the implementation of its international development strategy, closely follow the trends of cross-border e-commerce, Chinese enterprises, and the "Belt and Road" initiative, actively layout overseas markets, build a "1+7" global hub facility and operation network, enhance control over core logistics infrastructure and resources in key regions and countries, create a safe, smooth, convenient, efficient, sustainable, autonomous, and controllable logistics supply chain system, optimize the cross-border logistics product matrix, extend the cross-border logistics service chain, and commit to providing customers with one-stop services including cargo collection and shipment, trunk transportation, customs clearance and transfer, and last-mile delivery, further enhancing its comprehensive global service capabilities. On September 3, 2025, the buyer (Skyhub Limited Liability Partnership, an indirect wholly-owned subsidiary of the company) and the seller (YTO KZ Limited Liability Partnership) entered into a preliminary sales agreement, under which the buyer conditionally agrees to purchase and the seller conditionally agrees to sell the land at a total price of USD 6.1315 million. The land refers to two plots located on the south side of the Khorgos-Almaty highway in Baiserke village, Almaty region, Kazakhstan. The group intends to use the land to build bonded and non-bonded warehouses, bonded and non-bonded yards, joint venture logistics warehouses, and supporting facilities. The board believes that the acquisition will allow the group to leverage the location and resource advantages of the land to build logistics hub nodes in key regions and countries, key markets, etc., increase investment in the construction of core logistics infrastructure, and create synergies in warehousing, delivery, and logistics capabilities, thereby optimizing the cross-border logistics product matrix, extending the cross-border logistics service chain, focusing on the development of international express, international freight, and supply chain businesses, further enhancing comprehensive global service capabilities, and steadily building a global logistics network that connects China with the world and the world with the world