Summary of the 2021 Annual Report of Guangdong Jushen Logistics Co., Ltd.

Important Notice

This annual report summary is derived from the full annual report. To fully understand the company's operational results, financial status, and future development plans, investors should carefully read the full annual report published in designated media by the CSRC.

Non-standard audit opinion notice: □ Applicable √ Not applicable

The profit distribution plan for common stock or the plan for capital reserve to increase share capital reviewed by the board during the reporting period: √ Applicable □ Not applicable

Is the capital reserve used to increase share capital? □ Yes √ No

The profit distribution plan for common stock approved by the board is: Based on a total share capital of 128,800,000 shares as of December 31, 2021, a cash dividend of 6.00 yuan (tax included) will be distributed for every 10 shares to all shareholders, with no bonus shares (tax included), and no capital reserve will be used to increase share capital.

The preferred stock profit distribution plan approved by the board during the reporting period: □ Applicable √ Not applicable

Company Overview

1. Company Profile

   • Stock Abbreviation: Jushen Co., Ltd.
   • Stock Code: 001202
   • Stock Exchange: Shenzhen Stock Exchange
   • Contact Person and Information:
     • Secretary of the Board: Zhang Honggang
     • Office Address: No. 1 Jintai Road, Danzhao Logistics Center, Nanhai District, Foshan City
     • Fax: 0757-85130720
     • Phone: 0757-85130222
     • Email: benbu.lei@jushen.co

2. Main Business or Product Overview During the Reporting Period

   1. Multimodal Transport Business The company has long focused on multimodal transport, accumulating rich industry experience and forming professional service capabilities and flexible feedback mechanisms. Considering safety, efficiency, and cost across different transport modes, the company designs transport solutions that meet customer needs, aiming to reduce overall logistics costs while ensuring the safety and efficiency of goods delivery. The company has initiated multimodal transport operations in Xinjiang, a region with high alumina consumption and electrolytic aluminum production, and opened dedicated lines from Guangxi to Inner Mongolia. Additionally, logistics centers have been established in South China and East China, creating a synergy between logistics and warehousing operations, thus forming advantages in multimodal transport and logistics networks within the aluminum industry chain.