NIPPON EXPRESS HOLDINGS Completes Stock Acquisition of Cold Chain Bangladesh Limited

TOKYO,May 19, 2025/PRNewswire/ -- NIPPON EXPRESS HOLDINGS, Inc. is pleased to announce that through its subsidiary, Nippon Express (South Asia& Oceania) Pte. Ltd., it has acquired a 20% shareholding in Cold Chain Bangladesh Limited (hereafter"CCBL"), a logistics company engaged in domestic logistics operations inBangladesh. The acquisition took place onMay 15, 2025.

NX Logo:https://drive.google.com/file/d/1dqm0cxpYamnvMUra1AGXMuGlX932Z353/view?usp=drive_link

Photo ofAhmed Rajeeb Samdani(left), a shareholder of CCBL, andKatsuhito Kobayashi, President of Nippon Express (South Asia& Oceania) Pte. Ltd.:https://drive.google.com/file/d/1ufUYlDOF6mPZMK2i9A69ZxPg1jbLe2cU/view?usp=drive_link

The NX Group entered theBangladeshlogistics market in 2012 and has expanded the business primarily through providing international forwarding services, focusing on the apparel industry. Now, in response to growing demand for domestic logistics services and to expand its customer base inBangladesh, the NX Group has decided to further strengthen its domestic logistics operations in the country.

CCBL, headquartered inDhaka, Bangladesh, is a third-party logistics company specializing in domestic distribution logistics. CCBL has a nationwide logistics infrastructure with the capabilities for handling all types of goods, including those requiring temperature-controlled storage and transportation.

The NX Group's strategy is to strengthen its domesticBangladeshlogistics business by leveraging CCBL's domestic logistics network and assets, thereby capturing logistics opportunities arising from growing domestic demand. Further, by leveraging its global logistics network, including forwarding, the NX Group will provide end-to-end solutions for its customers'supply chains.

The NX Group aims to realize growth opportunities inBangladeshat an early stage through this investment in theBangladeshlogistics market, thereby contributing to value creation for its customers and stakeholders.

Overview of CCBL

(1) Company Name: Cold Chain Bangladesh Limited

(2) Headquarters Address:Shanta Western Tower, Level-5, 501& 502, 186, Gulshan-Tejgaon Link Road, Tejgaon I/A,Dhaka-1208

(3) Sites and Facilities:

- 13 sites in 10 cities inBangladesh(with temperature-controlled storage, see site map below)

- 50 vehicles (including temperature-controlled vehicles)

(4) Representative:Rezaul Alam, President and CEO

(5) Business: Logistics (warehouse deliveries, domestic truck transportation) and other value-added services

Site map:https://drive.google.com/file/d/15tGBLJxpCjEDUZUpyJkiBxJM6MWjPFi2/view?usp=drive_link

About the NX Group:https://drive.google.com/file/d/1g1Rtb9Mie5yhenpOr8A007kKolh1gBJ6/view?usp=drive_link

NX Group official website:https://www.nipponexpress.com/

NX Group's official LinkedIn account:

https://www.linkedin.com/company/nippon-express-group/

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SOURCE NIPPON EXPRESS HOLDINGS, INC.