001202SZSE

Announcement on Completion of Shareholder Reduction Plan

Jushen Co., Ltd.·

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Guangdong Jushen Logistics Co., Ltd. announced the completion of its shareholder reduction plan, which involved Wuhu Yuanyou Investment Management Co., Ltd. and Ningbo Haiyi and Baorun Venture Capital Partnerships reducing their holdings by a total of 3,789,111 shares, approximately 3% of the capital. The reductions were executed through block trading and centralized bidding, with the average reduction price ranging from ¥9.7800 to ¥12.8010 per share. This action complies with relevant regulations and does not affect the company's control or governance.

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Securities Code: 001202 Securities Abbreviation: Jushen Co., Ltd. Announcement No.: 2024-089
Guangdong Jushen Logistics Co., Ltd.

RegardingShareholder Reduction PlanCompletion of Implementation Announcement
Shareholder Wuhu Yuanyou Investment Management Co., Ltd.- Ningbo Haiyi Venture Capital Partnership(Limited Partnership) and
its concerted actor Wuhu Yuanyou Investment Management Co., Ltd.- Ningbo Baorun Venture Capital Partnership(Limited Partnership

The company and all members of the board of directors guarantee that the content of the announcement is consistent with the information provided by the information disclosure obligor.

Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Company") disclosed the "Announcement on the Pre-disclosure of Shareholder Reduction Plans for Shareholders Holding More than 5% of Shares" (Announcement No.: 2024-066) on August 23, 2024. Shareholders holding more than 5% of shares, Wuhu Yuanyou Investment Management Co., Ltd. - Ningbo Haiyi Venture Capital Partnership (Limited Partnership) and its concerted actor Wuhu Yuanyou Investment Management Co., Ltd. - Ningbo Baorun Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Ningbo Haiyi" and "Ningbo Baorun" respectively) planned to reduce their holdings of the company's shares by no more than 3,789,111 shares (i.e., no more than 3% of the capital after excluding shares in the company's repurchase special account) through block trading and centralized bidding within three months after the announcement date, starting from 15 trading days after the announcement.

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Announcement on Completion of Shareholder Reduction Plan — Jushen Co., Ltd. | SZSE Releases