Unless otherwise indicated or the context otherwise requires, all information in this annual report reflects the following:
| ● | “CAC” refers to the Cyberspace Administration of China; |
| ● | “CAGR” refers to compound average growth rate; |
| ● | “CSRC” refers to the China Securities Regulatory Commission; |
| ● | “China” or the “PRC”, in each case, refers to the People’s Republic of China, excluding, for the purpose of this annual report only, Hong Kong, Macau and Taiwan. The term “Chinese” has a correlative meaning for the purpose of this annual report. When used in the case of laws and regulations, of “China” or “the PRC”, it refers to only such laws and regulations of mainland China; |
| ● | “Class A ordinary shares” refer to our class A ordinary shares, par value US$0.0001 per share after the Forward Share Split; |
| ● | “Class B ordinary shares” refer to our class B ordinary shares, par value US$0.0001 per share after the Forward Share Split; |
| ● | “EIT” refers to enterprise income tax; |
| ● | “Forward Share Split” refers to a 1 to 1.25 forward share split of our ordinary shares under Cayman Islands law implemented on March 16, 2023; |
| ● | “Hong Kong” refers to Hong Kong Special Administrative Region in the PRC; |
| ● | “ordinary shares” or “shares” refer to our Class A ordinary shares and Class B ordinary shares of par value US$0.0001 per share; |
| ● | “R&D” refers to research and development; |
| ● | “Reverse Share Split” refers to a 1 for 1.25 reverse share split of our ordinary shares under Cayman Islands law implemented on February 16, 2023; |
| ● | “RMB” and “Renminbi” refer to the legal currency of mainland China; |
| ● | “SEC” refers to the Securities and Exchange Commission; |
| ● | “sq.m” refers to square meter; |
| ● | “US$” and “U.S. dollars” refer to the legal currency of the United States; |
| ● | “U.S. GAAP” refers to generally accepted accounting principles in the United States; and |
| ● | “we,” “us,” “our company,” and “our” refer to Jayud Global Logistics Limited, a Cayman Islands exempted company and its subsidiaries. |
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