Core Viewpoint - CWT International's subsidiary CWT Pte. Limited has entered into a memorandum of understanding with S.F. Express (Singapore) Pte. Ltd. to enhance collaboration in logistics services, focusing on warehousing, cold chain operations, and transportation [1][2] Group 1: Collaboration Details - The memorandum, effective from January 8, 2026, outlines the intent for cooperation in various logistics services, including general cargo warehousing, cold storage, container transportation, and local delivery in Singapore [1] - The agreement is valid for two years and can be extended for an additional year upon mutual consent, although it is not legally binding except for certain confidentiality and dispute resolution clauses [1] Group 2: Strategic Benefits - The partnership aims to leverage S.F. Express's strengths in cross-border express and air transport, combined with CWT Pte.'s expertise in local warehousing and cold chain operations, to create a comprehensive local logistics service matrix [1] - The collaboration will focus on key areas in international logistics, such as air and sea transport, cross-border customs clearance, and multimodal transport, to expand market opportunities and enhance operational efficiency [2] - The board believes that this alliance will provide significant value to cross-border e-commerce, international trade, and supply chain enterprises, offering a one-stop local and international logistics service that optimizes costs and reduces supply chain risks [2]

Group 1 - CWT International's subsidiary CWT Pte. Limited has signed a memorandum of understanding with S.F. Express (Singapore) Pte. Ltd., effective from January 8, 2026, to establish a foundation for collaboration in logistics services [1] - The memorandum outlines cooperation in various areas, including general cargo warehousing, cold storage, container transportation, fleet leasing, local express services, and opportunities for further collaboration in air and sea transport [1] - The memorandum is valid for two years and can be extended for an additional year upon mutual agreement, although it is not legally binding except for certain confidentiality and dispute resolution clauses [1] Group 2 - The partnership aims to leverage S.F. Express's strengths in cross-border express and air transport, combined with CWT Pte.'s expertise in local warehousing, cold chain operations, and customs clearance services [2] - The collaboration is expected to enhance operational stability and flexibility while optimizing overall costs in local logistics services [2] - In international logistics, the focus will be on deepening cooperation in air and sea transport, cross-border customs clearance, and multimodal transport, aiming to expand market opportunities and improve business efficiency [2] Group 3 - The board believes that the collaboration will provide significant value to cross-border e-commerce, international trade, and supply chain enterprises, offering a one-stop local and international logistics service [2] - Customers will benefit from improved cold chain support, expedited customs processes, reliable warehousing, and overall cost optimization, which will help reduce supply chain risks and enhance competitiveness [2] - The partnership is expected to create more value for shareholders through sustainable development and better responsiveness to market demand fluctuations [2]