First Journey Holdings (00697) subsidiary participated in investing in CICC Cainiao REIT

Zhitong Finance App News, Shoucheng Holdings (00697) issued an announcement. Recently, a company under Shoucheng Cornerstone (a wholly-owned subsidiary of the Company) of the Group participated in investing in the CICC Cainiao Warehousing and Logistics Closed Infrastructure Securities Investment Fund (CICC Cainiao REIT). This investment will help deepen the synergy between industry and finance and the efficiency of supply chain resource integration, promote the release of the value of existing assets in mature digital intelligent warehousing infrastructure, and provide solid support for the construction of modern logistics systems and high-quality development of the real economy.

Cainiao Smart Logistics Network Co., Ltd. is the world's leading e-commerce logistics and logistics technology enterprise. It has built a logistics network covering more than 200 countries and regions around the world. It has industry-leading digitalization and automation capabilities to provide end-to-end intelligent supply chain and logistics solutions for global brands, merchants and consumers. CICC Cainiao REIT uses high-standard warehouses in Jiaxing Park, China's intelligent backbone network, as an underlying asset, and has excellent product qualifications and sustainable operation capabilities. The successful listing of CICC Cainiao REIT is an important step in response to the country's policy orientation of “revitalizing existing assets and expanding effective investment” and promoting the transformation of the logistics infrastructure business from asset-heavy holding to asset-light operation and management.

In the future, the Group will unswervingly continue to increase its investment layout in the field of intelligent infrastructure assets in China, rely on the synergy of the entire industry chain and pioneering advantage in the REITs field, continue to strengthen long-term strategic collaboration with leading industry partners in the infrastructure sector, improve the layout of regional hub nodes, expand cooperation in the field of intelligent hardware equipment, and strive to create long-term value and sustainable returns for shareholders.