Smart Warehouse Projects in Spain and the Netherlands Enter Delivery Phase

Jingxing HK and Shanghai Jingxing to Commence Approximately US$30 Million Automated Cold-Storage Project in North America

HONG KONG, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Jingxing Storage Equipment Engineering (Hong Kong) Company Limited ("Jingxing HK" or the "Company"), a wholly owned subsidiary of KLA-iBotics Holdings Limited, the logistics technology business segment of Reitar Logtech Holdings Limited (NASDAQ:RITR) ("Reitar"), today announced that, following its earlier global strategic cooperation agreement with Cainiao Group ("Cainiao"), the parties’ collaboration in Europe has officially commenced and entered the delivery phase.

Jingxing HK is advancing two key automated warehouse projects for Cainiao in Spain and the Netherlands. The projects represent the first European implementation of the parties’ integrated logistics technology and storage systems collaboration model. Jingxing HK is also working with Shanghai Jingxing Storage Equipment Engineering Co., Ltd. ("Shanghai Jingxing") on an automated cold-storage project in North America. The project has a contract value of approximately US$30 million and is expected to commence in September 2026.

Spain and Netherlands Projects Enter Delivery Phase

The two large-scale Cainiao automated warehouse projects in Spain and the Netherlands are progressing according to schedule, with racking supply and related engineering works underway. Delivery of all racking is expected to be completed by the end of September 2026, with overall installation targeted for completion by year-end.

Jingxing HK will also continue working with Cainiao to explore additional automated warehouse opportunities in other European markets, including potential overseas warehouse developments for cross-border e-commerce companies.

Automation Integrated with Storage Systems

The Spain and Netherlands projects combine Cainiao’s climbing robot technology and automated logistics system capabilities with Jingxing HK’s expertise in high-end storage-system design, racking manufacturing, and overseas project delivery.

Jingxing HK will provide racking and storage-system solutions tailored to automated operating requirements and will participate in key workstreams, including racking supply, solution integration, and engineering delivery. The parties will also collaborate on racking tolerances, material specifications, and installation standards to enhance system compatibility and operational stability in line with applicable European project requirements. The Spain and Netherlands projects are the first to enter the delivery phase, demonstrating that the global strategic cooperation between Jingxing HK and Cainiao has progressed from agreement to implementation.

North American Automated Cold-Storage Project Expected to Commence

In addition to the European projects, Jingxing HK and Shanghai Jingxing are jointly advancing an automated cold-storage project in North America, with a contract value of approximately US$30 million. The project is expected to commence in September 2026.

The project will draw on Jingxing HK’s overseas project coordination and delivery capabilities, together with Shanghai Jingxing’s experience in high-end storage-system design, manufacturing, and engineering execution, to deliver an automated warehousing solution for cold-chain logistics applications. The project is expected to further strengthen Jingxing’s experience in delivering large-scale cold-chain and automated warehousing projects internationally, while enhancing the Group’s business development and project-execution capabilities across Europe, North America, and other international markets.

About Reitar Logtech Holdings Limited (NASDAQ:RITR)

Reitar Logtech listed on the Nasdaq in 2024, becoming the first comprehensive solution provider in Asia centered on 'Property-Logistics Technology' (PLT). As a pioneer in industry innovation, the group remains focused on the full lifecycle management of logistics assets and technology-driven value creation, establishing an integrated platform that encompasses investment development, operational management, and intelligent upgrades. Reitar drives 'asset value enhancement' and 'technology application scenarios' simultaneously, innovatively integrating intelligent warehousing systems, IoT devices, and data analytics platforms. This effectively achieves synergistic growth in operational efficiency and economic benefits for clients' assets, promoting the efficient allocation of resources across the logistics industry chain and cross-industry integration.

About Jingxing Storage Equipment Engineering (H.K.) Company Limited

Jingxing Storage Equipment Engineering (H.K.) Company Limited ("Jingxing HK") is a wholly-owned subsidiary of KLA-iBotics Holdings Limited, the logistics technology division under Reitar Logtech Holdings Limited (NASDAQ:RITR), and serves as the international operating platform for Shanghai Jingxing Storage Equipment Engineering Co., Ltd. The company specialises in high-end automated storage and retrieval system (AS/RS) racking systems, comprehensive warehousing solution design and large-scale overseas project delivery. Drawing on its deep manufacturing capabilities and extensive international engineering management experience, Jingxing HK is dedicated to providing safe, reliable and efficient warehousing equipment and solutions to clients worldwide.

About Cainiao Group

Founded in 2013, Cainiao Group is a global leader in e-commerce logistics and logistics technology. Leveraging a logistics network spanning over 200 countries and regions and industry-leading technology capabilities, Cainiao provides global brands, merchants and consumers with a full-stack suite of e-commerce logistics services — encompassing cross-border logistics, global supply chain management and international last-mile delivery — as well as a comprehensive range of logistics technology products and solutions.

As one of the world's largest cross-border e-commerce logistics enterprises, Cainiao has pioneered landmark international fulfilment products including "Global 5-Day Delivery" and "Global 10-Day Delivery", offering end-to-end logistics solutions for China's export trade and global cross-border commerce. The company deeply serves the world's leading e-commerce platforms and empowers small and medium-sized enterprises to participate effectively in international trade. Cainiao operates a global smart warehousing and distribution network of over 10 million square metres, providing flexible, green and omni-channel supply chain solutions designed to address increasingly complex and dynamic business requirements. The Group has further extended its local delivery services across 10 countries and regions in Europe, the Americas, Asia-Pacific and the Middle East, continuously strengthening its global last-mile fulfilment capabilities. With technology as its core driver, Cainiao continually develops and delivers automated, digitalised and intelligent logistics technology products and solutions, serving global manufacturing and logistics ecosystem partners. Cainiao has become a significant ambassador for China's technology innovation on the world stage.

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