Minsheng Securities Co., Ltd. (hereinafter referred to as "Minsheng Securities" or "the Sponsor") is the continuous supervision 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 No. 2 for Listed Companies - Management and Use of Fundraising" and the "Self-Regulatory Guidelines No. 1 for Main Board Listed Companies," Minsheng Securities has conducted a review of the delay in certain fundraising projects of Jushen. The review opinions are as follows:
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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 shares of ordinary shares (A shares) at a par value of RMB 1.00 per share, with an issuance 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 the verification was conducted by Tianjian Certified Public Accountants (Special General Partnership), which issued the verification report on April 23, 2021. The Company has stored the fundraising funds in a special account and signed a tripartite supervision agreement with the special 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 obligations.
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Progress of Fundraising Investment Projects As of March 31, 2024, the usage of the funds raised from the Company's initial public offering is detailed in the table below: