001202SZSE

Announcement on the Signing of Cooperation Agreement and External Investment by Subsidiary

Jushen Co., Ltd.·

✨ AI Summary

Guangdong Jushen Logistics Co., Ltd. announced that its wholly-owned subsidiary, Xinjiang Jushen Land Port Intermodal Co., Ltd., signed a cooperation agreement with the Xinjiang Zhundong Economic and Technological Development Zone Management Committee to invest 100 million RMB in the Land Port Phase II Project. This investment aims to enhance logistics services in the region. The project is not classified as a related party transaction and will not significantly impact the company's financial status this year.

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Full Translation

AI Translation· azure_openai
  1. 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: 2024-045

Announcement on the Signing of Cooperation Agreement and External Investment by Subsidiary

Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company") announces that its wholly-owned subsidiary, Xinjiang Jushen Land Port Intermodal Co., Ltd. (hereinafter referred to as "Xinjiang Jushen"), recently signed a "Cooperation Agreement" with the Xinjiang Zhundong Economic and Technological Development Zone Management Committee for the investment and construction of the "Land Port Phase II Project" (hereinafter referred to as "the Project"). The Project plans to invest 100 million RMB, funded by the Company's own funds or self-raised funds. This external investment does not constitute a related party transaction and does not qualify as a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies." According to the "Shenzhen Stock Exchange Listing Rules" and the "Company Articles of Association," it does not require submission for board review.

Basic Information of the Counterparty

  1. Name: Xinjiang Zhundong Economic and Technological Development Zone Management Committee
  2. Entity Type: Local Government Agency
  3. Relationship: The Xinjiang Zhundong Economic and Technological Development Zone Management Committee has a good credit status, with strong creditworthiness and performance capability, and is not a dishonest executor. It is not a related party of the Company and has no relationship with the Company.

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