Jayud Global Logistics appoints Hu Mengmeng as Chief Financial Officer

Jayud Global Logistics Limited (NASDAQ: JYD) ("Jayud" or the "Company"), a leading end-to-end supply chain solution provider based in Shenzhen specializing in cross-border logistics, today announced the appointment of Ms. HU Mengmeng as Chief Financial Officer, effective March 1, 2025. She succeeds Ms. Lin Bao, who is stepping down from her position as CFO for personal reasons.

Ms. Hu (46) brings over 20 years of extensive experience in the shipping and logistics sector, having held senior financial positions at several renowned multinational companies, including Maersk, CSAV Shipping Co, Ltd, and CMA CGM. Her expertise spans comprehensive financial management, strategic cost control, cash flow optimization, and cross-border operations.

"On behalf of the Board and the entire Jayud team, I would like to express our sincere gratitude to Ms. Lin Bao for her dedicated service and significant contributions as CFO," said Xiaogang Geng, Chairman of the Board and CEO of Jayud Global Logistics. "We respect her decision to step down and wish her all the best in her future endeavors."

"We are delighted to welcome Ms. Hu to our executive leadership team. Her wealth of experience in financial management within the logistics industry, coupled with her strategic vision and proven track record of optimizing financial operations, will be instrumental as we expand our global footprint and enhance shareholder value."

"I am honored to join Jayud Global Logistics at such an exciting time in the Company's development," said Ms. Hu. "I see tremendous opportunity to drive sustainable growth, leveraging my experience in the logistics sector to optimize financial strategies, enhance operational efficiency, and create additional value for our shareholders and customers."

Ms. Lin Bao will remain with the Company for a period to ensure a smooth transition of responsibilities to Ms. Hu. This transition period will facilitate knowledge transfer and maintain operational continuity in the Company's financial management.

Before joining Jayud, Ms. Hu served as Financial Director at Shihua Youshi Education Technology (Shenzhen) Co., Ltd. from 2017 to 2024, where she developed and implemented medium to long-term financial strategies and led comprehensive financial management initiatives. Previously, she held positions as Audit Manager at CMA CGM (China) Co., Ltd. Shenzhen Branch, Finance Manager at CSAV Shipping Co., Ltd., and Cost Manager at Maersk (China) Shipping Co., Ltd.

Ms. Hu holds a Bachelor's degree in Economics with a specialization in International Finance from Shenyang University of Technology. She is fluent in Chinese, Cantonese, and English.