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crashteamracingplayonline| Jiacheng International: Winning the bid for Xiyin Company's warehousing and distribution service project

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crashteamracingplayonline| Jiacheng International: Winning the bid for Xiyin Company's warehousing and distribution service project

Jiacheng International Announcementcrashteamracingplayonline, the company (Party B) recently received two "Acceptance Notifications" from a wholly-owned subsidiary of Xiyin Company (Party A). The company will provide Party A with warehousing and distribution services in logistics centers such as Foshan City, Zhaoqing City, and Heshan City in Guangdong Province. The contract term is 2 years from the date of signing the contract (initial 1 year + automatic extension 1 year without objection). Based on the full fiscal year, the annual operating income generated by this contract is expected to be approximately 300 million yuan, exceeding more than 10% of the company's total audited operating income in 2023. This time, we provide third-party logistics services to Shein, which is another joint cooperation between the company and the company.