001202SZSE

Announcement of Resolutions from the 19th Meeting of the Third Supervisory Board

Jushen Co., Ltd.·

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The 19th meeting of the 3rd Supervisory Board of Guangdong Jushen Logistics Co., Ltd. was held on May 31, 2024, with all three supervisors present. The board approved two key proposals: adjusting the guarantee limit for wholly-owned subsidiaries for 2024 and using up to RMB 70 million of temporarily idle raised funds to supplement working capital. Both decisions aim to enhance operational efficiency and comply with relevant regulations, pending shareholder review.

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Securities Code: 001202 Securities Abbreviation: Jushen Co., Ltd. Announcement No.: 2024-052
Guangdong Jushen Logistics Co., Ltd.
Resolution Announcement of the 19th Meeting of the 3rd Supervisory Board
The company and all members of the Supervisory Board guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

I. Meeting Information of the Supervisory Board
The 19th meeting of the 3rd Supervisory Board of Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company") was notified via email on May 28, 2024, and was held on-site in the company meeting room on May 31, 2024. There were 3 supervisors eligible to vote, and all 3 participated in the voting. The meeting was presided over by Mr. Zou Qiyong, the chairman of the Supervisory Board. The procedures for convening this meeting comply with the provisions of the Company Law and other relevant laws and regulations, as well as the Company’s Articles of Association.

II. Review of the Supervisory Board Meeting
All attending supervisors carefully reviewed and formed the following resolutions:

(1) Approval of the "Proposal to Adjust the Guarantee Limit for the Wholly-Owned Subsidiary for the Year 2024"
Upon review, the Supervisory Board believes that the Company’s plan to adjust the guarantee limit for the year 2024 for its wholly-owned subsidiaries, Guangdong Jushen Storage Co., Ltd. and Guangxi Qinzhou Bonded Port Area Jushen International Logistics Co., Ltd., to apply for futures commodity delivery warehouse qualifications (including new storage capacity guarantees, approved capacity expansion guarantees, and guarantees for the renewal of cooperation agreements) is in line with the actual needs of the Company's operational development. The decision-making process complies with relevant laws and regulations, and there are no circumstances that harm the interests of the Company and its shareholders.
Voting results: 3 valid votes, 3 in favor, 0 against, 0 abstentions.
This proposal still needs to be submitted to the shareholders' meeting for review.

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