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, with no false records, misleading statements, or significant omissions.
Securities Code: 001202
Securities Abbreviation: Jushen Co., Ltd.
Announcement No.: 2021-044
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 to the Shanghai Futures Exchange (hereinafter referred to as "SHFE") for the qualification of designated delivery warehouse for lead and zinc. The Company plans to assume all responsibilities for Jushen Storage's participation in the SHFE's lead and zinc futures storage, custody, delivery, and other related operations, and will undertake an irrevocable full joint guarantee. Jushen Storage will mitigate risks related to cargo loss by purchasing commercial insurance. On June 28, 2022, the Company’s third board meeting approved the proposal to provide a guarantee for the application for delivery warehouse qualification with 7 votes in favor, 0 votes against, and 0 abstentions. This guarantee is subject to approval by the shareholders' meeting.