001202SZSE

Announcement of Board Resolution

Jushen Co., Ltd.·

✨ AI Summary

The board of Guangdong Jushen Logistics Co., Ltd. convened its 34th meeting on April 13, 2022, to review and approve several key proposals, including the 2021 annual report and profit distribution plan. The company reported a net profit of approximately 46.62 million yuan for 2021, a decline of 48.35% year-on-year. The board also approved the establishment of wholly-owned subsidiaries and proposed a comprehensive credit limit of up to 800 million yuan for 2022.

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Full Translation

AI Translation· azure_openai
  1. 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 No.: 2022-011

Announcement of the 34th Meeting Resolution of the Second Board of Guangdong Jushen Logistics Co., Ltd.

1. Meeting Information

The 34th meeting of the second board of Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company") was held on April 13, 2022, in the company meeting room. All directors were notified in writing on April 1, 2022. A total of 7 directors were supposed to participate in the voting, and all 7 directors attended in person, with no proxies or absences. The meeting was chaired by Mr. Lei Qi, the chairman of the board, and company supervisors and senior management attended the meeting. The meeting complied with the provisions of the Company Law of the People's Republic of China and other relevant laws and regulations as well as the Articles of Association.

2. Review of Meeting Resolutions

All attending directors carefully reviewed and formed the following resolutions:

(1) Approval of the Proposal on the Full Text and Summary of the 2021 Annual Report

According to the Company Law of the People's Republic of China, the Management Measures for Information Disclosure of Listed Companies, the Articles of Association, and other relevant laws and regulations, the board reviewed and deemed that the preparation and review procedures of the 2021 Annual Report and its summary complied with relevant regulations, accurately reflecting the company's actual situation without any false records, misleading statements, or significant omissions. The full text and summary of the 2021 Annual Report can be found in the same day's publications in China Securities Journal, Securities Times, Securities Daily, Shanghai Securities Journal, and the Giant Tide Information Network (http://www.cninfo.com.cn).
Voting results: 7 votes in favor, 0 votes against, 0 abstentions. This proposal will be submitted to the shareholders' meeting for review.

(2) Approval of the Proposal on the 2021 Annual Board Work Report

In 2021, the board strictly adhered to the Company Law, Securities Law, Shenzhen Stock Exchange Listing Rules, and other relevant laws and regulations, fulfilling the responsibilities assigned by the shareholders' meeting and ensuring scientific decision-making and standardized operations. The independent directors submitted the 2021 Independent Director Work Report, which will be presented at the 2021 annual shareholders' meeting. The specific work of the board in 2021 can be found in the same day's disclosure on the Giant Tide Information Network.
Voting results: 7 votes in favor, 0 votes against, 0 abstentions. This proposal will be submitted to the shareholders' meeting for review.

(3) Approval of the Proposal on the 2021 Annual General Manager Work Report

The attending directors, after carefully listening to the General Manager Mr. Lei Qi's report, deemed it to accurately reflect the company's implementation of board resolutions and operational management in 2021.
Voting results: 7 votes in favor, 0 votes against, 0 abstentions.

(4) Approval of the Proposal on the 2021 Annual Financial Settlement Report

In 2021, the company achieved an operating income of 746.78 million yuan, a decrease of 23.48% year-on-year; operating profit of 65.43 million yuan, a decrease of 46.43%; total profit of 64.34 million yuan, a decrease of 47.15%; and net profit attributable to shareholders of the listed company of 46.62 million yuan, a decrease of 48.35%. The specific content can be found in the same day's disclosure on the Giant Tide Information Network.
Voting results: 7 votes in favor, 0 votes against, 0 abstentions. This proposal will be submitted to the shareholders' meeting for review.

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