Basic Situation of Raised Funds
According to the approval from the China Securities Regulatory Commission regarding Guangdong Jushen Logistics Co., Ltd.'s initial public offering (Approval No. [2021] 1117), the company publicly issued 32.242 million shares of RMB ordinary stock (A shares) at a price of RMB 15.09 per share, raising a total of RMB 486.53 million. After deducting issuance costs of RMB 53.47 million, the net proceeds amounted to RMB 433.06 million. The verification of the raised funds was conducted by Tianjian Accounting Firm, which issued the verification report on April 23, 2021.
Use of Raised Funds
According to the company's prospectus for the initial public offering of A shares, the raised funds will be allocated to the following projects in order of urgency:
| Project Name | Project Investment Amount | Amount from Raised Funds | Proportion of Raised Funds |
|---|---|---|---|
| Jushen Zhudong Land Port Project | 299.87 million | 223.90 million | 51.70% |
| Qinzhou Port Logistics Park Project | 130.08 million | 97.12 million | 22.43% |
| Supply Chain Management IT Upgrade | 48.71 million | 36.37 million | 8.40% |
| Supplement Working Capital | 101.34 million | 75.66 million | 17.47% |
| Total | 580.00 million | 433.06 million | 100.00% |