Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company") and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Securities Code: 001202
Securities Abbreviation: Jushen Co., Ltd.
Announcement Number: 2021-063
I. Overview of the Guarantee
Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company")'s wholly-owned subsidiary, Guangdong Jushen Storage Co., Ltd. (hereinafter referred to as "Jushen Storage"), intends to apply for the qualification of designated delivery warehouse for stainless steel at the Shanghai Futures Exchange (hereinafter referred to as "the Exchange"). The Company plans to assume all responsibilities that Jushen Storage may incur in relation to the Exchange's operations involving the storage, custody, withdrawal, and delivery of stainless steel futures, and will provide an irrevocable full joint guarantee. Jushen Storage will mitigate risks related to cargo loss by purchasing commercial insurance. On December 8, 2021, the Company's second board of directors' thirty-second meeting approved the proposal to provide a guarantee for the subsidiary's application with 7 votes in favor, 0 against, and 0 abstentions. This guarantee is subject to approval by the shareholders' meeting.