The Company's subsidiary Jointown Logistics has established a nationwide "three-network integration" logistics supply chain system that integrates GSP warehousing networks, highly efficient interconnected transportation networks, and digital intelligent information networks. This system provides third-party logistics services, pharmaceutical cold chain logistics services, digital intelligent logistics and supply chain services, and intelligent logistics equipment support to customers both within and outside the industry, comprehensively covering technical services across the entire logistics chain and driving the company's accelerated transformation and upgrading toward a technology-driven, platform-integrated, and ecosystem-collaborative logistics supply chain service provider.

Jointown has established a comprehensive logistics service ecosystem encompassing the entire chain by synergistically integrating the trunk line network, warehousing network, and distribution network. While ensuring efficient internal operations, the Company provides specialized, customized third-party logistics and supply chain solutions for industry customers in the pharmaceutical and consumer goods sectors.

Jointown has continued to deepen its cold chain logistics network coverage, upgrade its intelligent cold chain equipment, and optimize key technologies including full-cycle temperature monitoring, end-to-end traceability and early warning systems, and visualization tracking platforms, thereby providing clients with one-stop comprehensive cold chain services. During the reporting period, the Company launched two innovative cold chain logistics products, namely "Jointown Precision Incubator Distribution" (a transportation and distribution mode utilizing incubators as the carrier) and "Jointown Precision Temperature-Controlled Express" (a less-than-truckload mode utilizing refrigerated trucks as the carrier), delivering professional and integrated cold chain logistics transportation and delivery solutions to clients and effectively driving business growth.

Jointown deeply integrates the core elements of the new GSP regulations. It offers comprehensive services to clients across various dimensions, including functional layout, equipment and facilities, information systems, quality management systems, and process quality control. These services encompass strategic planning analysis, model and process design, logistics network layout, logistics center planning, and transportation resource development.

Jointown is deeply engaged in the research and development of intelligent logistics equipment and scenario-based application innovation, continuously advancing the digitalization and upgrading of supply chain logistics equipment. The Company has established a vertically integrated innovation loop of "technology research and development, equipment manufacturing, and ecosystem empowerment," providing customized intelligent logistics equipment for clients in industries such as pharmaceuticals, liquor, food, and beauty.