Chapter 1 General Principles
Article 1
To strengthen the management of shares held by the directors, supervisors, and senior management of Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company"), and their changes, this management system is formulated in accordance with the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), the Securities Law of the People's Republic of China (hereinafter referred to as "the Securities Law"), the Rules on the Management of Shares Held by Directors, Supervisors, and Senior Management of Listed Companies, the Shenzhen Stock Exchange Listing Rules, the Self-Regulatory Guidelines No. 10 for Listed Companies of the Shenzhen Stock Exchange—Share Change Management, and other relevant laws, regulations, normative documents, departmental rules, and the Company's Articles of Association.
Article 2
The shares held by the directors, supervisors, and senior management of the Company refer to all shares of the Company registered under their names. Shares held in their margin accounts for financing and securities lending transactions are also included.
Article 3
Before buying or selling the Company's stocks and their derivatives, the directors, supervisors, and senior management must be aware of the prohibitions against insider trading, market manipulation, and short-term trading as stipulated in the Company Law, Securities Law, and other relevant laws and regulations. They are prohibited from engaging in illegal transactions. The directors, supervisors, and senior management shall not engage in financing and securities lending transactions involving the Company's stocks.
Chapter 2 Share Change Management
Article 4
The changes in shares held by the directors, supervisors, and senior management must comply with laws, regulations, normative documents, departmental rules, and the Articles of Association. If the directors, supervisors, and senior management make commitments regarding the proportion of holdings, holding period, method of change, and price of change, they must strictly fulfill these commitments.
Article 5
During their tenure, the shares transferred by the directors, supervisors, and senior management through centralized bidding, block trading, or agreement transfer shall not exceed 25% of their total shares held in the Company, except for changes due to judicial enforcement, inheritance, bequests, or legal division of property. If the shares held by the directors, supervisors, and senior management do not exceed 1,000 shares, they may transfer all shares at once without being subject to the aforementioned transfer ratio limit.
Article 6
The number of transferable shares for the directors, supervisors, and senior management shall be calculated based on the shares they held at the end of the previous year. Transfers of shares within the range of transferable shares must also comply with the provisions of Article 9 of these rules.
Article 7
Due to the Company's public or private issuance of shares, implementation of equity incentive plans, or acquisition of new shares through secondary market purchases, convertible bonds conversion, exercise of options, or agreement transfers, 25% of the newly added unrestricted shares within the year may be transferred, while newly added restricted shares will be included in the calculation base for transferable shares in the following year. If the increase in shares held by directors, supervisors, and senior management is due to the Company's distribution of rights, the number of transferable shares for that year may be proportionally increased.
Article 8
The shares that are transferable but not transferred by the directors, supervisors, and senior management in the current year shall be included in the total number of shares they hold at the end of the year, which will serve as the calculation base for transferable shares in the following year.