Jiayou subsidiary secures ¥300m investment from China-Africa Development Fund

Jiayou International Logistics announced that its wholly-owned subsidiary, China-Africa International Logistics Investment, will issue 3 million preferred shares at ¥100 per share, totaling ¥300 million, to the China-Africa Development Fund. This investment will fund the development of Jiayou's projects in Zambia, specifically the Sakanya and Mokambo projects. The company's board approved the investment and associated guarantee on November 26, 2025.

To facilitate this transaction, Jiayou International Logistics will provide a joint and several liability guarantee for China-Africa International's obligations, amounting to ¥360 million. The guarantee period will be three years from the effective date, extended if the underlying obligations are extended. This guarantee covers China-Africa International's obligations under the subscription agreement, shareholder agreement, guarantee agreement, and other related transaction documents.

As of the announcement date, Jiayou's total external guarantees, including this one, amount to ¥360 million, representing 6.43% of its most recently audited net assets. China-Africa International's asset-liability ratio exceeds 70%, necessitating shareholder approval for the guarantee. Jiayou will retain 100% of China-Africa International's common shares, maintaining control.