Jayud Global Logistics (JYD) announced it has received a government subsidy of RMB30.26M (approximately $4.2M) from the Shenzhen Transportation Bureau. The subsidy relates to two charter flight routes, Shenzhen-Clark and Shenzhen-Davao, operated by the company during 2022-2023 as part of its expanded air freight services. Chairman and CEO Xiaogang Geng stated the support validates their strategic expansion and will positively impact financial performance.
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