001202SZSE

Announcement of Resolutions from the 36th Meeting of the Second Board of Directors

Jushen Co., Ltd.·

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The 36th meeting of the second board of Guangdong Jushen Logistics Co., Ltd. was held on June 1, 2022. Key decisions included the nomination of candidates for the third board of directors, both independent and non-independent. The proposals will be submitted to the shareholders' meeting for approval, with a cumulative voting system to be used.

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  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 Number: 2022-031

Announcement of Resolutions from the 36th Meeting of the Second Board of Directors of Guangdong Jushen Logistics Co., Ltd.

1. Meeting Information

The 36th meeting of the second board of directors of Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company") was held on June 1, 2022, in the company meeting room, combining on-site and remote participation. All directors were notified of the meeting on May 27, 2022, via phone and email. A total of 7 directors were eligible to vote, and all 7 participated in the voting. The meeting was chaired by Mr. Lei Qi, the chairman, with company supervisors and senior management present. The meeting complied with the provisions of the Company Law of the People's Republic of China and the Articles of Association.

2. Meeting Resolutions

All attending directors carefully reviewed and formed the following resolutions:

(1) Approved the Proposal on the Election of Non-Independent Directors

Given that the term of the second board is about to expire, the board decided to nominate Mr. Lei Qi, Mr. Li Junbin, Mr. Zeng Yongfa, and Mr. Chen Sheng as candidates for non-independent directors of the third board (detailed resumes in the attachment), with a term of three years starting from the date of approval by the shareholders' meeting. The independent directors expressed independent opinions on this proposal. Specific details regarding this election are disclosed in the announcement published on the same day in the China Securities Journal, Securities Times, Securities Daily, Shanghai Securities Journal, and the Giant Tide Information Network (http://www.cninfo.com.cn).
Voting results: 7 valid votes, 7 in favor, 0 against, 0 abstentions. This proposal needs to be submitted to the shareholders' meeting for approval, which will adopt a cumulative voting system, with separate voting for independent and non-independent directors.

(2) Approved the Proposal on the Election of Independent Directors

Given that the term of the second board is about to expire, the board decided to nominate Ms. Li Ping, Mr. Kuang Tongchun, and Mr. Yang Zhongshuo as candidates for independent directors of the third board (detailed resumes in the attachment), with a term of three years starting from the date of approval by the shareholders' meeting. The independent directors expressed independent opinions on this proposal. The qualifications and independence of the three independent director candidates must be reviewed and approved by the Shenzhen Stock Exchange before being submitted to the shareholders' meeting alongside the non-independent director candidates. Specific details regarding this election are disclosed in the announcement published on the same day in the China Securities Journal, Securities Times, Securities Daily, Shanghai Securities Journal, and the Giant Tide Information Network (http://www.cninfo.com.cn).
Voting results: 7 valid votes, 7 in favor, 0 against, 0 abstentions. This proposal needs to be submitted to the shareholders' meeting for approval, which will adopt a cumulative voting system, with separate voting for independent and non-independent directors.

(3) Approved the Proposal to Convene the Second Extraordinary Shareholders' Meeting of 2022

The board agreed to convene the second extraordinary shareholders' meeting of 2022 at the following address: 4th Floor, Office Building, Jintai Road 1, Danzao Logistics Center, Nanhai District, Foshan City, Guangdong Province. The extraordinary shareholders' meeting will review the following proposals:

  1. Review the Proposal on the Election of Non-Employee Representative Supervisors;
  2. Review the Proposal on the Election of Non-Independent Directors;
  3. Review the Proposal on the Election of Independent Directors.
    Voting results: 7 valid votes, 7 in favor, 0 against, 0 abstentions.

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