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Jayud Global Logistics Ltd (0001938186), a company specializing in the arrangement of transportation of freight and cargo with a market capitalization of $33 million, has announced its 2024 Annual General Meeting of Shareholders. The meeting is scheduled to take place in April 2025, as per a recent filing with the U.S. Securities and Exchange Commission. According to InvestingPro data, the company’s stock has experienced significant volatility, with the share price declining over 89% year-to-date.
The notification, which is part of a Form 6-K submission, indicates that the meeting will involve holders of the company’s Class A Ordinary Shares. The filing, dated today, includes the agenda for the upcoming meeting, although specific details of the resolutions to be proposed were not disclosed in the excerpt provided. Notably, the company is currently trading near its fair value based on InvestingPro analysis, which considers multiple financial metrics and market conditions.
In addition to the notice of the meeting, the filing also comprises a proxy statement and a form of proxy, which suggests that shareholders will be able to vote on certain matters even if they are unable to attend the meeting in person. This comes as the company prepares to report its next earnings on April 25, 2025, with current financial indicators showing challenging conditions, including negative EBITDA of $9.18 million in the last twelve months.
Jayud Global Logistics, with its principal executive offices located in Shenzhen, People’s Republic of China, operates under the organization name 01 Energy & Transportation. The company’s business address and mail address are both situated in the Shatoujiao Free Trade Zone in Shenzhen.
The report of the foreign private issuer was signed by Co-Chief Executive Officers Xiaogang Geng and Alan Tan Khim Guan, indicating their authorization of the document’s contents.
Shareholders and interested parties may anticipate further details regarding the resolutions and discussions to be held during the annual meeting. As is standard practice, the company will likely issue additional documents outlining the specific items for shareholder consideration. For investors seeking deeper insights into Jayud’s financial health and market position, InvestingPro offers comprehensive analysis with over 14 additional ProTips and extensive financial metrics.
This announcement is based on a press release statement and provides shareholders with the necessary information to prepare for the upcoming corporate event. It is important to note that this article does not contain recommendations or endorsements of any claims made by Jayud Global Logistics Ltd.
In other recent news, Jayud Global Logistics Limited has announced the appointment of Ms. HU Mengmeng as the new Chief Financial Officer, effective March 1, 2025. Ms. Hu brings over two decades of experience in the logistics sector, having held senior financial roles at major multinational logistics companies. This leadership change aligns with Jayud’s ongoing efforts to expand its global footprint and enhance operational efficiency. Additionally, Jayud has launched a new chartered air cargo service between Fuzhou, China, and Jakarta, Indonesia. This service, exclusive to Jayud, is the only direct charter flight for cargo between these markets and will operate three times a week. The route is tailored for products with lithium-ion batteries, supporting the e-commerce industry’s growth in Southeast Asia. In other developments, Jayud Global Logistics advised investors to base decisions on formal statements following unusual market activity involving the company’s stock. Meanwhile, Top Wealth Group Holding Ltd has notified its shareholders of the upcoming annual meeting, as detailed in a recent filing with the U.S. Securities and Exchange Commission.
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