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: 2022-084
Overview of the Guarantee Situation
Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company") held the fourth meeting of the third board of directors on July 22, 2022, and approved the proposal to provide a guarantee for its wholly-owned subsidiary, Guangdong Jushen Storage Co., Ltd. (hereinafter referred to as "Jushen Storage"), in accordance with the original cooperation agreement signed with the Shanghai Futures Exchange (hereinafter referred to as "SHFE") and the Supplementary Agreement No. 2 to the Cooperation Agreement between SHFE and Delivery Warehouses. The Company will assume all responsibilities for the storage, custody, delivery, and other operations related to futures commodities such as aluminum, copper, zinc, and tin, and will bear an irrevocable full joint guarantee liability. The guarantee period is for the duration of the agreement and two years after its expiration. This guarantee matter has been approved by the Company's fourth extraordinary general meeting of shareholders in 2022. For specific details regarding this guarantee, please refer to the announcement disclosed by the Company on July 23, 2022, in the China Securities Journal, Securities Times, Securities Daily, Shanghai Securities Journal, and the Giant Tide Information Network (http://www.cninfo.com.cn).