Jiayou International(SH:603871) Shang Hai Zheng Quan Bao·2025-11-27 19:27Group 1 - The core point of the announcement is that Jiayou International Logistics Co., Ltd. has made significant decisions regarding investments and guarantees involving its wholly-owned subsidiary and the China-Africa Development Fund [1][2][3][21][42]. Group 2 - The fourth board meeting of Jiayou International was held on November 26, 2025, with all seven directors present, and the meeting complied with relevant laws and regulations [2]. - The board approved a proposal for the China-Africa Development Fund to invest in its wholly-owned subsidiary, with unanimous support [3][4]. - The board also approved a proposal for the company to provide guarantees for its wholly-owned subsidiary, which will be submitted for shareholder approval [6][9]. - A third extraordinary general meeting of shareholders is scheduled for December 15, 2025, to discuss the approved proposals [10][11]. Group 3 - Jiayou International signed a strategic cooperation memorandum with the China-Africa Development Fund on November 27, 2025, aimed at enhancing logistics infrastructure in Africa [14][15]. - The cooperation will focus on projects in the Democratic Republic of the Congo and Zambia, enhancing cross-border logistics capabilities [15][16]. - The partnership is expected to significantly impact the company's business development and market value, although the exact financial implications remain uncertain [17][18]. Group 4 - The company plans to issue 3 million preferred shares to the China-Africa Development Fund at a price of 100 RMB per share, totaling 300 million RMB [42][45]. - This issuance is intended to support the development of logistics projects in Zambia, specifically the Sakanya and Mokambo projects [49][53]. - The company retains full control over its subsidiary, ensuring that the issuance does not affect its ownership structure [53].