Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company") and all members of the board 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: 2023-042
Announcement on the Temporary Use of Part of the Idle Raised Funds to Supplement Working Capital
The Company held the 13th meeting of the 3rd Board of Directors and the 11th meeting of the 3rd Supervisory Board on July 14, 2023, where it reviewed and approved the proposal to use part of the temporarily idle raised funds to supplement working capital. The board agreed to use no more than RMB 100 million of temporarily idle raised funds to supplement working capital, provided that it does not affect the normal progress of the raised funds projects. The usage period shall not exceed twelve months from the date of board approval. Within the above limit and period, the funds can be reused, and will be promptly returned to the special account for raised funds when due or when needed for investment projects.
1. Basic Situation of Raised Funds
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 shares of RMB ordinary shares (A shares). The par value of each share is RMB 1.00, and the issue price is 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 raised funds were fully received on April 23, 2021, and the receipt of funds was verified by Tianjian Accounting Firm (Special General Partnership), which issued the verification report Tianjian Yan Zi [2021] No. 7-33 on April 23, 2021.
2. Usage of Raised Funds
- Investment Project Status of Raised Funds
As of June 30, 2023, the usage of the raised funds from the initial public offering is as follows:
| No. | Investment Project | Total Investment | Amount Invested | Amount Used | Remaining Balance |
|---|---|---|---|---|---|
| 1 | Jushen Zhudong 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 | 4,871.18 | 3,637.09 | 262.33 | 3,374.76 |
| 4 | Supplement Working Capital | 10,133.82 | 7,566.46 | 7,566.46 | 0.00 |
| Total | 58,000.00 | 43,305.97 | 27,574.80 | 11,751.99 |
Note: The "Qinzhou Port Logistics Park Project" has been completed. For details, please refer to the announcement disclosed by the Company on December 20, 2022, in various financial newspapers and on the website (http://www.cninfo.com.cn).