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: 2022-053
1. Overview of the Guarantee
The wholly-owned subsidiary, Guangdong Jushen Warehousing Co., Ltd. (hereinafter referred to as "Jushen Warehousing"), intends to apply for a project loan of no more than RMB 68 million from the Nanhai Danzhao Branch of Agricultural Bank of China, to be used for the construction of the Jushen Warehousing Phase III project. The loan term will not exceed 12 years (the final loan amount will be subject to the bank's actual approval, and the specific loan amount, term, and interest rate within the approved limit will be based on the formal agreement signed between Jushen Warehousing and the bank). The company intends to provide a joint liability guarantee for this financing within the above limit, with the guarantee period lasting three years from the expiration of the debt performance period stipulated in the main contract. On July 18, 2022, the third meeting of the third board of directors approved the proposal to provide a guarantee for the bank loan application with 7 votes in favor, 0 votes against, and 0 abstentions. This guarantee does not require approval from the shareholders' meeting.