001202SZSE

Announcement on Progress of Asset Auction

Jushen Co., Ltd.·

✨ AI Summary

Guangdong Jushen Logistics Co., Ltd. announced the revocation of its successful bid for a property auctioned on November 4, 2023, due to legal discrepancies regarding bidder qualifications. The company received a refund of 122.5 million yuan from the Shanghai Financial Court. Subsequent objections and reconsideration requests were rejected by the court, confirming the auction's invalidation. The company stated that this outcome will not significantly impact its financial status and will continue to pursue future land opportunities.

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Full Translation

AI Translation· OpenAI

Securities Code: 001202 Securities Abbreviation: Jushen Co., Ltd. Announcement No.: 2024-050
Guangdong Jushen Logistics Co., Ltd.
Announcement on the Progress of Asset Auction

The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

I. Transaction Overview
Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company") participated in the online judicial auction conducted by the Shanghai Financial Court on November 4, 2023, successfully acquiring the real estate located at No. 519 Xichou Road, Pengdu Village, Maqiao Town, Minhang District, Shanghai (Block 1, Hill 15, Maqiao Town) with a starting price of 122.5 million yuan, as well as the land use rights for the aforementioned property. For detailed information, please refer to the announcement titled "Announcement on the Acquisition of Assets through Auction" disclosed on November 6, 2023, in the "China Securities Journal," "Securities Times," "Securities Daily," "Shanghai Securities Journal," and on the Giant Tide Information Network (http://www.cninfo.com.cn).

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