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, without false records, misleading statements, or significant omissions.
Securities Code: 001202
Securities Abbreviation: Jushen Co., Ltd.
Announcement Number: 2022-079
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 sign a "Cooperation Agreement between Shanghai Futures Exchange and Delivery Warehouse" with the Shanghai Futures Exchange (hereinafter referred to as "SHFE") regarding the addition of aluminum oxide futures delivery varieties and the storage point in Xinjiang Changji, Zhundong. The main content includes Jushen Storage's Xinjiang Changji Zhundong warehouse becoming a delivery warehouse for aluminum oxide futures listed by SHFE, with the storage location being on the east side of Zhundong Station in the Xinjiang Changji Economic and Technological Development Zone (specific location and capacity to be determined by the actual signed cooperation agreement). The Company intends to assume all responsibilities that Jushen Storage must undertake for the storage, custody, delivery, and other operations of aluminum oxide futures under the aforementioned cooperation agreement, providing an irrevocable full joint guarantee. The guarantee period is for the duration of the agreement and two years from its expiration. Jushen Storage will mitigate risks related to cargo loss by purchasing commercial insurance.
On October 25, 2022, the sixth meeting of the third board of directors approved the proposal to provide a guarantee for the wholly-owned subsidiary with 7 votes in favor, 0 against, and 0 abstentions. This guarantee matter still requires approval from the shareholders' meeting.
II. Basic Information of the Guaranteed Party
- Company Name: Guangdong Jushen Storage Co., Ltd.
- Legal Representative: Zeng Yongfa
- Registered Capital: 100 million RMB
- Establishment Date: December 22, 2011
- Registered Address: Room 111, 113, 1st Floor, Office Building, Danzao Logistics Center, Jin Tai Road, Danzao Town, Nanhai District, Foshan City
- Main Business: General projects: ordinary goods storage services (excluding hazardous chemicals and other projects requiring approval); loading and unloading; non-residential real estate leasing; domestic cargo transportation agency (except for projects that require approval according to law, operating activities are conducted independently based on the business license).
- Relationship with the Company: Jushen Storage is a wholly-owned subsidiary of the Company.
- Main Financial Status (Unit: RMB)