Minsheng Securities Co., Ltd. (hereinafter referred to as "Minsheng Securities" or "the Sponsor") is the ongoing supervisory sponsor for Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "Jushen" or "the Company"). In accordance with the relevant laws and regulations, including the "Regulatory Guidelines for Listed Companies No. 2 - Management and Use of Fundraising" and the "Self-Regulatory Guidelines for Listed Companies No. 1 - Standard Operations for Main Board Listed Companies," Minsheng Securities has conducted a verification of Jushen's adjustment of certain fundraising projects and the addition of new fundraising projects. The verification opinions are as follows:
I. Overview of the Adjustment of Fundraising Projects
(1) Basic Situation of Fundraising
According to the China Securities Regulatory Commission's approval of Guangdong Jushen Logistics Co., Ltd.'s initial public offering (Approval No. [2021] 1117), the Company publicly issued 32,242,000 ordinary shares (A shares) with a par value of RMB 1.00 per share at an issue price of RMB 15.09 per share. The total amount raised was RMB 486,531,800, with net proceeds of RMB 433,059,700 after deducting issuance costs of RMB 53,472,100. The funds were fully received on April 23, 2021, and verified by Tianjian Certified Public Accountants (Special General Partnership), which issued Verification Report No. Tianjian [2021] 7-33 on the same date. The Company has stored the fundraising funds in a dedicated account and signed a tripartite supervision agreement with the dedicated account bank and the sponsor. As of the date of this announcement, the Company has strictly complied with relevant regulations regarding the storage, use, and management of the fundraising funds and has fulfilled its related obligations.
(2) Status of Fundraising Investment Projects
The net proceeds from the Company's initial public offering, after deducting issuance costs, are allocated to the following projects:
| No. | Project Name | Total Investment Amount | Fundraising Investment Amount |
|---|---|---|---|
| 1 | Jushen Zhundong Land Port Project | 29,987.31 | 22,390.16 |
| 2 | Qinzhou Port Logistics Park Project | 13,007.70 | 9,712.26 |
| 3 | Supply Chain Management IT Upgrade Project | 4,871.18 | 3,637.09 |
| 4 | Supplement Working Capital | 10,133.82 | 7,566.46 |
| Total | 58,000.00 | 43,305.97 |
(3) Usage of Fundraising Funds
As of June 30, 2023, the usage of the fundraising funds from the Company's initial public offering is as follows:
| No. | Fundraising Investment Project | Total Investment Amount | Fundraising Investment Amount | Amount Invested as of June 30, 2023 | Remaining Unused Fundraising Balance |
|---|---|---|---|---|---|
| 1 | Jushen Zhundong Land Port Project | 29,987.31 | 22,390.16 | 14,012.92 | 8,377.24 |
| 2 | Qinzhou Port Logistics Park Project | 13,007.70 | 9,712.26 | 5,733.09 | Completed |
| 3 | Supply Chain Management IT Upgrade Project | 4,871.18 | 3,637.09 | 262.33 | 3,374.76 |
| 4 | Supplement Working Capital | 10,133.82 | 7,566.46 | 7,566.46 | 0 |
| Total | 58,000.00 | 43,305.97 | 27,574.80 | 11,751.99 |