| ORGANIZATION AND PRINCIPAL ACTIVITIES |
1. ORGANIZATION AND PRINCIPAL ACTIVITIES
Jayud Global Logistics Limited
(“Jayud” or the “Company”) was incorporated in the Cayman Islands on June 10, 2022 under the Cayman Islands Companies
Act. The Company through its consolidated subsidiaries (collectively, the “Group”) is principally engaged in the freight
forwarding and trading based in the People’s Republic of China (“PRC” or “China”).
As of December 31, 2025,
the details of the Company’s subsidiaries are as follows. All subsidiaries of the Group are all owned by the Company through equity
investment.
| Entity | | Controlled by | | Date of
Incorporation /
Acquisition | | Place of
incorporation | | Percentage
of direct
ownership | | | Principal activities | | Jayud Global Logistics (Hong Kong) Limited (“JYD HK”) | | Jayud | | June 24, 2022 | | Hong Kong | | | 100 | % | | Wholly foreign owned enterprise | | Joyed Logistics Services Inc. (“JYD US”) | | Jayud | | April 25, 2023 | | U.S.A. | | | 100 | % | | Freight forwarding | | Shenzhen Jayud Logistics Technology Co., Ltd (“JYD WLKJ”) | | JYD HK | | July 23, 2015 | | PRC | | | 100 | % | | Freight forwarding | | Hongkong Jayud International Logistics Company Limited (“JYD HKGJHY”) | | JYD HK | | December 31, 2017 | | Hong Kong | | | 100 | % | | Agent service | | HK XINYX Technology Limited (“HK XYX”) | | JYD HK | | September 6, 2023 | | Hong Kong | | | 100 | % | | International trading | | HK (FASTFLY) International Logistics Co., Limited (“FASTFLY”) | | JYD HK | | April 2, 2024 | | Hong Kong | | | 51 | % | | Freight forwarding | | Yukon Flooring Bellaire LLC (“YFB”) | | JYD US | | October 25, 2024 | | U.S.A. | | | 95 | % | | Warehousing | | Shenzhen Jia Yu Da International Logistics Co., Ltd. And its Tianjin
Branch (“JYD SZGJHY”) | | JYD WLKJ | | June 19, 2011 | | PRC | | | 100 | % | | Freight forwarding | | Shenzhen Jia Yu Da Trading Co., Ltd. (“JYD SM”) | | JYD WLKJ | | September 18, 2009 | | PRC | | | 100 | % | | International trading | | Shenzhen Jiayuda Customs Declaration Co., Ltd. (“JYD BG”) | | JYD WLKJ | | September 14, 2015 | | PRC | | | 100 | % | | Customs brokerage | | Shenzhen Xin Yu Xiang Import & Export Co., Ltd. (“JYD XYX”) | | JYD WLKJ | | October 26, 2011 | | PRC | | | 100 | % | | International trading | | Shenzhen Ronghai Tongda Supply Chain Management Co., Ltd (“JYD RHTD”) | | JYD XYX | | July 31, 2023 | | PRC | | | 51 | % | | International trading | | Shenzhen Jiayuda Global Supply Chain Co., Ltd. (“JYD HQ”) | | JYD WLKJ | | April 23, 2014 | | PRC | | | 100 | % | | Freight forwarding | | Sky Pacific Logistics HK Company Limited (“TPYHK”) | | JYD HQ | | March 2, 2016 | | Hong Kong | | | 67 | % | | Agent service | | Shenzhen Jiayuda E-Commerce Technology Co., Ltd (“JYD DS”) | | JYD WLKJ | | April 1, 2021 | | PRC | | | 100 | % | | Freight forwarding | | Nanjing Jiayuda Logistics Co., Ltd. And its Nantong Branch, and Xiamen Branch (“JYD NJWL”) | | JYD WLKJ | | February 12, 2018 | | PRC | | | 100 | % | | Freight forwarding | | Shaanxi JiaYuda Supply Chain Management Co., Ltd. (“JYD SXGYL”) | | JYD WLKJ | | March 27, 2018 | | PRC | | | 100 | % | | Freight forwarding | | Shenzhen Jayud Yuncang Technology Co., Ltd. (“JYD YCKJ”) | | JYD WLKJ | | July 25, 2022 | | PRC | | | 52 | % | | Warehousing | Shenzhen JNT International Logistics
Co.,Ltd (“JNT”) | | JYD WLKJ | | January 18, 2024 | | PRC | | | 51 | % | | Freight forwarding | | Ezhou Jayud Logistics Technology Co.,Ltd (“EZ WLKJ”) | | JYD HK | | August 23, 2024 | | PRC | | | 100 | % | | Freight forwarding | | EZhou Jayud International Logistics Co., Ltd. (“EZ GJHY”） | | EZ WLKJ | | September 2, 2024 | | PRC | | | 51 | % | | Freight forwarding | | LabelBridge Logistics LLc (“LB”) | | JYD US | | July 28, 2025 | | U.S.A. | | | 55 | % | | Warehousing | | Shenzhen Xinyuxiang Aviation Technology Co., Ltd. (“Xinyuxiang”) | | JYD WLKJ | | August 11, 2025 | | PRC | | | 51 | % | | Freight forwarding | Reorganization
In anticipation of an initial
public offering (“IPO”) of its equity securities, the Company incorporated Jayud Global Logistic (Hong Kong) Limited (“JYD
HK”) under the laws of Hong Kong, PRC, as its direct wholly-owned subsidiary, on June 24, 2022. In September 2022, JYD HK directly
invested in JYD WLKJ as its direct wholly-owned subsidiary and resulted in payment of RMB 35 Mil for share purchase from initial shareholders.
Since the Company and its
subsidiaries were effectively controlled by the same shareholders immediately before and after the reorganization completed in September
2022, as described above. As a result, the Group’s consolidated financial statements have been prepared as if the current corporate
structure has been in existence throughout the periods presented.
The Company and its subsidiaries
resulting from the reorganization have always been under the common control of the same controlling shareholders before and after the
reorganization. The consolidation of the Company and its subsidiaries has been accounted for at historical cost and prepared on the basis
as if the aforementioned transactions had become effective as of the beginning of the first period presented in the accompanying consolidated
financial statements. Results of operations for the periods presented comprise those of the previously separate entities combined from
the beginning of the period to the end of the period, eliminating the effects of intra-entity transactions.
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