Yongtaiyun Acquires 40% Equity in Yungang IOT

On February 26th, 2025, under the auspices and witness of Mr. Ren Jinqun, Deputy District Mayor of Beilun District, Ningbo City, and Deputy Director of Ningbo Economic and Technological Development Zone Management Committee, the preparatory meeting of the first shareholders' meeting of Ningbo Yungang Internet Of Things Technology Co., Ltd. in 2025 was successfully held in Yongtaiyun Chemical Logistics Co., Ltd., which marked the government-enterprise collaboration to promote the upgrading of the regional logistics industry into a new stage. By acquiring the equity of Yungang IOT, Yongtaiyun will further optimize the allocation of logistics resources, enhance the operational efficiency of the logistics system, reduce logistics costs, and further supplement and strengthen the intelligent supply chain service platform, “SHIPCHEM.COM”, and improve the systematic construction of the whole supply chain platform of Yongtaiyun. At the same time, it will also help Yungang IOT to accelerate the construction of a comprehensive intelligent operation management system for logistics vehicles.

Synergize core business to strengthen industry competitiveness

Through this capital cooperation, Yongtaiyun will fully integrate the first-mover advantages of Yungang IOT in the fields of digital supervision, network freight transport platform and new energy vehicles to realize the deep integration of business.

Mr. Ren Jinqun, Deputy District Mayor of Beilun District, Ningbo City, and Deputy Director of Ningbo Economic and Technological Development Zone Management Committee

Mr. Chen Yongfu, Chairman of Yongtaiyun Chemical Logistics Co., Ltd.

During the meeting, the shareholder representatives systematically deliberated on the company’s strategic planning and business development path, and highly valued the leverage of the dual-license qualification on the improvement of capacity efficiency. Meanwhile, they fully affirmed the leading position of the third-party supervision platform technology, and gave unanimous recognition to the innovative integration mode of digital supervision system and supply chain services.

Based on the shareholders’ suggestion, Yungang IOT will deepen the strategy of focusing on its main business in the future. Relying on the compound resource advantages of shareholders in the fields of port resources, warehousing network, logistics system, trade links, financial capital and digital technology, Yungang IOT will accelerate the construction of an intelligent logistics ecological platform covering the whole scene to establish the core competitive barriers in the field of network logistics.

About Yungang IOT

Ningbo Yungang Internet Of Things Technology Co., Ltd. (Hereinafter referred to as “Yungang IOT”) was founded in August 2020, with a registered capital of 10 million yuan, jointly held by Ningbo Fubang Logistics Co., Ltd., Ningbo Economic and Technological Development Zone Logistics Development Co., Ltd. and other enterprises. It is a key enterprise supported by Ningbo Development Zone Management Committee and Alibaba Group. The company holds the qualifications of network freight transportation, dangerous goods operation, provincial sci-tech small and medium-sized enterprises, and has been shortlisted as the head enterprise partner of “China’s top three oil companies”, ICBC, Industrial Bank, etc., and its “Freight Loan”product has been recognized as the innovation of Zhejiang Province Free Trade Zone.

With digital finance, digital transportation and digital trade as its core businesses, the company plans to focus on new energy vehicle demonstration projects (such as “Future Card City”), export of used trucks and data integration business in the future. At the same time, through equity optimization and resource synergy, the company will strengthen the competitiveness in the industry and build an ecological benchmark for intelligent logistics.

About Yongtaiyun

Yongtaiyun Chemical Logistics Co., Ltd. was founded in 2002 and listed on the main board of Shenzhen Stock Exchange on April 29, 2022 (Stock Abbreviation: Yongtaiyun, Stock Code: 001228), which is a modern service company mainly engaged in cross-border chemical logistics supply chain services.

The company has set up more than 50 branches with over 1,800 professionals. Its main business covers cross-border chemical logistics supply chain services, dangerous goods warehousing, distribution, delivery and related supply chain supporting services. And through the self-developed smart supply chain service platform, “SHIPCHEM.COM”, the company vertically integrates offline resources and provides customers with professional, safe and efficient full-chain cross-border chemical supply chain services in the mode of “+ Internet”.

Future Prospects

The equity acquisition will further optimize the strategic layout of Yongtaiyun in the field of logistics resource allocation, and comprehensively enhance the operational efficiency of the intelligent logistics system. It will also strengthen the technology integration and scene application capability of smart supply chain service platform, “SHIPCHEM.COM”, and systematically improve the digital closed-loop construction of the whole supply chain ecology. And this move will also enable Yungang IOT to accelerate the creation of an intelligent operation management system covering the whole life cycle of vehicles, so as to realize data-driven refined operation and maximize the value of resources.