Securities Code: 001202 Securities Abbreviation: Jushen Co., Ltd. Announcement No.: 2021-014
Guangdong Jushen Logistics Co., Ltd.
Announcement on External Investment to Establish a Joint Venture
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
I. Overview of External Investment
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Basic Information on External Investment
Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company" or "Jushen Co.") intends to sign an "Investment Cooperation Agreement" with individuals Liu Guiwen and Li Lin to jointly invest in the establishment of Guangzhou Jushen Logistics Co., Ltd. (provisional name, subject to final approval by industrial and commercial registration, hereinafter referred to as "the Target Company"). The registered capital of the Target Company is RMB 30 million, of which the Company will contribute RMB 21 million in cash, holding 70% of the equity in the Target Company. -
The Company held the 25th meeting of the second board of directors on May 28, 2021, and approved the "Proposal on External Investment to Establish a Joint Venture." According to the provisions of the "Articles of Association," this external investment is within the authority of the board of directors and does not require submission to the shareholders' meeting for approval.
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This transaction does not constitute a related party transaction, nor does it constitute a significant asset reorganization as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies."