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: 2022-014
Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company") has prepared this special report on the storage and usage of raised funds as of December 31, 2021, in accordance with the "Regulatory Guidelines No. 2 for Listed Companies - Regulatory Requirements for the Management and Use of Raised Funds" issued by the China Securities Regulatory Commission and the "Self-Regulatory Guidelines No. 1 for Listed Companies on the Shenzhen Stock Exchange - Standard Operations for Main Board Listed Companies" and "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Announcement Formats."
1. Basic Information on Raised Funds
-
Actual Amount of Raised Funds and Time of Receipt
According to the approval from the China Securities Regulatory Commission regarding the initial public offering of Guangdong Jushen Logistics Co., Ltd. (Approval No. [2021] 1117), the Company publicly issued 32,242,000 ordinary shares (A shares) at a par value of RMB 1.00 per share, with an issuance price of RMB 15.09 per share. The total amount raised was RMB 486,531,800, with issuance costs of RMB 53,472,100 deducted, resulting in a net amount of RMB 433,059,700. The raised funds were fully received on April 23, 2021, and the receipt of funds was verified by Tianjian Accounting Firm (Special General Partnership), which issued the verification report Tianjian Verification [2021] No. 7-33 on April 23, 2021. -
Amount Used and Current Balance for the Year 2021
As of December 31, 2021, the cumulative amount used from the raised funds was RMB 176,566,500, with a remaining balance of RMB 262,499,900 (including bank interest of RMB 6,006,300).
2. Storage and Management of Raised Funds
-
Management of Raised Funds
To standardize the use and management of raised funds, improve the efficiency of fund usage, and protect the legitimate rights and interests of investors, on May 29, 2020, the Company revised its "Management System for Raised Funds" in accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Stock Listing Rules of the Shenzhen Stock Exchange," and other relevant laws and regulations. The raised funds are managed in a dedicated account. As of December 31, 2021, the storage and usage of raised funds complied with the Company's "Management System for Raised Funds." -
Storage of Raised Funds in Dedicated Accounts
To standardize the management and use of raised funds and protect investors' rights, the Company held the 22nd meeting of the second board of directors on April 7, 2021, to review and approve the proposal to establish dedicated accounts for raised funds and authorize the signing of tripartite supervision agreements. On May 18, 2021, the Company signed the "Tripartite Supervision Agreement" with Guangfa Bank Co., Ltd. Foshan Branch, Bank of China Co., Ltd. Foshan Branch, and the sponsor Minsheng Securities Co., Ltd. The subsidiaries implementing the fundraising projects also signed similar agreements with the banks and the sponsor. The Company strictly followed relevant regulations for the storage, use, and management of raised funds and fulfilled related obligations. As of December 31, 2021, the storage situation of raised funds is as follows: