recently, milkyway signed an equity transfer agreement with former shareholders of kwise international logistics (shandong) co., ltd. ("kwise logistics"), and officially gained the control right of kwise logistics considering the shares acquired in the secondary market. this trading will significantly strengthen milkyway’s ‘freight agency services in the north china and bohai rim regions.

kwise logistics was established in 2003 and has been engaged in global freight forwarding business for more than 20 years. based in qingdao, the company utilizes the port advantages of north china and achieves business coverage worldwide with branch offices in important ports such as beijing, tianjin, shanghai, and guangzhou, with approximately 150 staffs. annual revenue of rmb 1.1 billion in 2022.

its main advantage lies in the us-canada route, which is the booking agent of famous ship owners including one/whl/msk. kwise logistics also holds a first-class freight forwarding certificate issued by the ministry of commerce, registration certificate for nvoccmoc-nv04139 issued by the ministry of transportation, and qualifications of fmc registration of the united states federal maritime commission. it is the only representative member of international logistics organizations such as cqr/ifln/wfg in the qingdao area, the core member of the international project logistics organization opca, and the first-class agent for international air transportation sales cata-hd30345.

in future operations, milkyway will fully leverage the advantages of "mw+" to upgrade management through digitalization and to share its delivery network advantage to empower kwise logistics comprehensively. the combination will strengthen milkyway in the growth of existed advantageous routes, seizing the growth momentum in the southeast asian market, increasing investment in routes and layout, deepening soc business, leveraging port synergy advantages, cultivating high-value-added customers, and thus achieve steady growth!