The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Securities Code: 001202
Securities Abbreviation: Jushen Co., Ltd.
Announcement Number: 2023-004
Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company") held the eighth meeting of the third board of directors on February 13, 2023, where it reviewed and approved the proposal regarding the delay of certain fundraising investment projects. It was agreed that, without changing the implementation entities, the intended use of raised funds, or the investment scale, certain fundraising projects would be postponed based on their current implementation progress. Specifically, the expected operational date for the "Jushen Zhundong Land Port Project" has been postponed to October 31, 2023, and the "Supply Chain Management Information Technology Upgrade Project" to December 31, 2023.
According to the relevant regulations of the "Self-Regulatory Guidelines No. 1 for Listed Companies on the Shenzhen Stock Exchange - Standard Operation of Main Board Listed Companies," this proposal does not involve changes in the use of raised funds and does not require submission to the shareholders' meeting for approval.
I. Basic Situation of Raised Funds
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Actual Amount of Raised Funds and Time of Receipt
According to the approval from the China Securities Regulatory Commission regarding the initial public offering of Guangdong Jushen Logistics Co., Ltd. (Zheng Jian Xu Ke [2021] No. 1117), the Company publicly issued 32,242,000 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 486,531,800, with issuance costs of RMB 53,472,100, resulting in a net amount raised of RMB 433,059,700. The raised funds were fully received on April 23, 2021, and the situation of the raised funds has been verified by Tianjian Accounting Firm (Special General Partnership), which issued the verification report Tianjian Yan Zi [2021] No. 7-33 on April 23, 2021. -
The Company has established a special account for the raised funds and signed a "Tripartite Supervision Agreement on Raised Funds" with the special account bank and the sponsor institution. As of the date of this announcement, the Company has strictly stored, used, and managed the raised funds in accordance with relevant regulations and has fulfilled its obligations.
II. Progress of Fundraising Investment Projects
As of January 31, 2023, the usage of funds raised from the initial public offering is detailed in the table below:
| Project Name | Implementation Unit | Total Investment | Amount of Raised Funds Invested | Cumulative Amount of Raised Funds Invested | Expected Operational Date |
|---|---|---|---|---|---|
| Jushen Zhundong Land Port Project | Changji Zhundong Economic and Technological Development Zone Jushen Logistics Co., Ltd. | 299,873,100 | 223,901,600 | 128,395,900 | December 31, 2022 |
| Qinzhou Port Logistics Park Project | Guangxi Qinzhou Bonded Port Area Jushen International Logistics Co., Ltd. | 130,077,000 | 97,122,600 | 57,306,100 | December 31, 2022 |
| Supply Chain Management Information Technology Upgrade Project | Guangdong Jushen Warehousing Co., Ltd. | 48,711,800 | 36,370,900 | 2,231,100 | December 31, 2022 |
| Supplementary Working Capital | Guangdong Jushen Logistics Co., Ltd. | 101,338,100 | 75,664,600 | 75,664,600 | - |
| Total | 580,000,000 | 433,059,700 | 263,597,700 |