Jet Freight Logistics Limited — JV/Acquisition, 13-08-2026: Acquisition

Jet Freight Logistics is infusing capital into its wholly-owned US subsidiary, Jet Freight Logistics INC, to kickstart its operations. This strategic move aims to capitalize on emerging business opportunities in the USA, significantly expanding the company's international footprint. The investment will support business growth and enhance long-term value, as the US subsidiary, incorporated in December 2022, has not yet commenced operations. There is no change in ownership percentage, as it remains a 100% subsidiary, with capital infused as per the subsidiary's funding needs.