Minsheng Securities Co., Ltd. (hereinafter referred to as "Minsheng Securities" or "the Sponsor") is the sponsor for the initial public offering and listing of Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "Jushen" or "the Company"). In accordance with relevant regulations, including the "Administrative Measures for the Sponsorship of Securities Issuance and Listing," the "Guidelines for the Sponsorship Work of Listed Companies on the Shenzhen Stock Exchange," and others, Minsheng Securities conducted a verification of the storage and use of raised funds by Jushen for the first half of 2022. The verification results are as follows:
I. Basic Information on Raised Funds
(1) Actual Amount Raised and Time of Receipt
According to the China Securities Regulatory Commission's approval document (Zheng Jian Xu Ke [2021] No. 1117), the Company publicly issued 32.242 million shares of RMB ordinary shares (A shares) with a par value of RMB 1.00 per share at an issuance price of RMB 15.09 per share. The total amount raised was RMB 486.53 million, with issuance expenses of RMB 53.47 million, resulting in a net amount of RMB 433.06 million. The raised funds were fully received on April 23, 2021, and the receipt was verified by Tianjian Accounting Firm (Special General Partnership), which issued the verification report Tianjian Yan Zi [2021] No. 7-33 on April 23, 2021.
(2) Amount Used and Current Balance as of June 30, 2022
The usage of raised funds and current balance as of June 30, 2022, is as follows:
| Item | Amount (10,000 RMB) |
|---|---|
| Total raised funds | 48,653.18 |
| Less: Issuance expenses | 5,347.21 |
| Less: Cumulative used funds | 20,797.34 |
| Among them: Amount used for investment projects as of June 30, 2022 | 20,797.34 |
| Add: Cumulative net interest income from raised funds | 951.13 |
| Unused balance of raised funds | 23,459.76 |
II. Storage and Management of Raised Funds
(1) Management of Raised Funds
To standardize the use and management of raised funds, improve the efficiency of fund utilization, 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," the "Securities Law of the People's Republic of China," and other relevant laws and regulations. The raised funds are managed in a dedicated account. As of June 30, 2022, the storage and use of raised funds complied with the Company's "Management System for Raised Funds."