- The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Securities Code: 001202
Securities Abbreviation: Jushen Co., Ltd.
Announcement Number: 2021-049
Announcement on Proposed Participation in Bidding for Sea Use Rights
- Transaction Overview
The company intends to participate in the bidding for two sea use rights managed by the National Power Investment Group Guangxi Beibu Gulf (Qinzhou) Thermal Power Co., Ltd., through its wholly-owned subsidiary, Guangxi Qinzhou Bonded Port Area Jushen International Logistics Co., Ltd. The starting price for the auction of the two sea use rights is RMB 27,721,900, with a bidding increment of RMB 250,000 and a deposit of RMB 4,150,000. On October 15, 2021, the company held the 30th meeting of the second board of directors, which approved the proposal to participate in the bidding for the sea use rights. The board agreed to use the company's own or raised funds for the bidding and authorized the management to handle the bidding and purchase matters. The proposed starting price is within the board's approval authority and does not require submission to the shareholders' meeting for approval; if the final bidding amount exceeds the board's approval authority, the proposal will need to be submitted to the shareholders' meeting for review. This land bidding does not constitute a related party transaction and does not constitute a major asset reorganization as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."