Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
1. Overview of the Guarantee Situation
On October 25, 2022, the Company held the sixth 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 Shanghai Futures Exchange and Delivery Warehouse." The main content includes Jushen Storage's Xinjiang Changji Zhundong Warehouse becoming a delivery warehouse for aluminum oxide futures listed on the Shanghai Futures Exchange, with the storage location being the east side of Zhundong Station in the Xinjiang Changji Zhundong Economic and Technological Development Zone (specifics are subject to the actual signed cooperation agreement regarding location and storage capacity). The Company will assume all responsibilities for the storage, safekeeping, withdrawal, and delivery of aluminum oxide futures, bearing an irrevocable joint and several guarantee liability. The guarantee period is for the duration of the agreement and two years from the expiration of the agreement. The above guarantee matter has been approved by the Company's sixth extraordinary general meeting of shareholders in 2022. For specific details of this guarantee matter, please refer to the announcement disclosed by the Company on October 27, 2022, in "China Securities Journal," "Securities Times," "Securities Daily," "Shanghai Securities Journal," and on the Giant Tide Information Network (http://www.cninfo.com.cn).