Minsheng Securities Co., Ltd. (hereinafter referred to as "Minsheng Securities" or "the Sponsor") is the sponsor for the initial public offering and listing of Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "Jushen" or "the Company"). In accordance with the relevant regulations including the "Administrative Measures for the Sponsorship of Securities Issuance and Listing," the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 1 - Standardized Operations of Main Board Listed Companies," the "Listing Rules of the Shenzhen Stock Exchange," and the "Regulatory Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Raised Funds (2022 Revision)," Minsheng Securities conducted a verification of the storage and use of funds raised by Jushen for the first half of 2023. The verification results are as follows:
1. Basic Situation of Raised Funds
(1) Actual Amount Raised 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 shares of RMB 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 486.53 million, with issuance expenses of RMB 53.47 million, resulting in a net amount of RMB 433.06 million. This amount was fully received on April 23, 2021, and the receipt of funds was verified by Tianjian Certified Public Accountants (Special General Partnership), which issued Verification Report No. Tianjian Yan Zi [2021] No. 7-33 on April 23, 2021.
(2) Amount Used and Current Balance as of June 30, 2023
As of June 30, 2023, the usage and current balance of the raised funds are as follows:
| Item | Amount (10,000 RMB) |
|---|---|
| Total Amount Raised | 48,653.18 |
| Less: Issuance Expenses Paid | 5,347.21 |
| Less: Cumulative Amount Used | 27,574.78 |
| Among them: Amount Used for Funded Projects as of June 30, 2023 | 27,574.78 |
| Less: Permanent Supplement to Working Capital | 3,934.55 |
| Plus: Cumulative Net Interest Income from Raised Funds | 1,314.97 |
| Unused Balance of Raised Funds | 13,111.60 |
*Note: The calculation result of the unused balance of raised funds may differ by 0.01 due to rounding.
2. Management and Storage of Raised Funds
(1) Management of Raised Funds
To standardize the use and management of the Company's raised funds, improve the efficiency of fund utilization, and protect the legitimate rights and interests of investors, the Company revised its "Management System for Raised Funds" in accordance with the Company Law, Securities Law, and relevant regulations. The raised funds are managed in a dedicated account. As of June 30, 2023, the storage and use of raised funds have complied with the Company's "Management System for Raised Funds."