Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors 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: 2022-096
I. Overview of the Guarantee
On August 29, 2022, the Company held the fifth meeting of the third Board of Directors, which reviewed 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 relation to the "Cooperation Agreement between Guangzhou Futures Exchange and Delivery Warehouse." The main content includes Jushen Danzhao Logistics Park's warehouses 1#, 2#, and 3# becoming delivery warehouses for industrial silicon futures listed on the Guangzhou Futures Exchange. The location for storing futures commodities is No. 1 Jintai Road, Danzhao Logistics Center, Danzhao Town, Nanhai District, Foshan City, Guangdong Province (specific warehouse, location, and capacity are subject to the signed cooperation agreement). The Company will assume all responsibilities for the storage, custody, delivery, and other operations of industrial silicon futures commodities and bear an irrevocable joint guarantee liability. The guarantee period is for the duration of the cooperation agreement and two years from its expiration. This guarantee matter has been approved by the Company's fifth extraordinary general meeting of shareholders in 2022. For specific details of this guarantee matter, please refer to the announcement disclosed by the Company on August 30, 2022, in "China Securities Journal," "Securities Times," "Securities Daily," "Shanghai Securities Journal," and the Giant Tide Information Network (http://www.cninfo.com.cn).