Minsheng Securities Co., Ltd.
Regarding the Loan Guarantee Provided by the Actual Controller of Guangdong Jushen Logistics Co., Ltd. and the Verification Opinion on Related Party Transactions
Minsheng Securities Co., Ltd. (hereinafter referred to as "Minsheng Securities" or "Sponsoring Institution") is the sponsoring institution for the initial public offering and listing of Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "Jushen Co." or "Listed Company"). In accordance with the relevant regulations such as the "Administrative Measures for Sponsoring Business of Securities Issuance and Listing," the "Guidelines for the Standardized Operation of Listed Companies on the Shenzhen Stock Exchange," and the "Listing Rules of the Shenzhen Stock Exchange," Minsheng Securities has conducted a prudent review of the loan guarantee provided by the actual controller of Jushen Co. and the related party transaction. The specific situation is as follows:
I. Overview of Related Party Transactions
Due to operational development needs, Jushen Co. intends to apply for a project loan not exceeding RMB 100 million from a bank, with a loan term of 10 years (the final loan amount and term are subject to the bank's actual approval), guaranteed by the company's chairman and actual controller, Lei Qi, with joint liability. No fees will be charged to the company for the above guarantee.
On August 24, 2021, the company held the 28th meeting of the second board of directors and approved the above matters. Lei Qi, as the chairman and actual controller of the company, recused himself from the vote in accordance with the relevant provisions of the "Listing Rules of the Shenzhen Stock Exchange." The independent directors expressed their prior approval and independent opinions on the above matters. To facilitate the relevant work, the board of directors authorized the company's management to handle the matters related to this project loan. This related party transaction does not constitute a major asset reorganization as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies," and this proposal does not need to be submitted to the shareholders' meeting for deliberation.