Securities Code: 001202 Securities Abbreviation: Jushen Co., Ltd. Announcement No.: 2025-061
Jushen Logistics Group Co., Ltd.
2024 Annual Equity Distribution Implementation Announcement
The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder:
- As of the date of this announcement, Jushen Logistics Group Co., Ltd. (hereinafter referred to as "the Company" or "this Company") has a total share capital of 128,800,000 shares, with the company's repurchase special securities account holding 2,496,300 shares. According to relevant regulations, the shares in the repurchase special account will not participate in this equity distribution. Therefore, the base number of shares for the 2024 annual equity distribution is 126,303,700 shares after excluding the shares in the repurchase special securities account. The 2024 annual equity distribution plan of the Company is to distribute 3 additional shares for every 10 shares held to all shareholders excluding the repurchase special securities account, using capital reserve, with an estimated total of 37,891,110 shares to be distributed. After this capital increase, the total share capital of the Company will increase to 166,691,110 shares (subject to the registration results of China Securities Depository and Clearing Corporation Limited Shenzhen Branch). In addition, no bonus shares will be issued, and no cash dividends will be distributed, with the remaining undistributed profits carried forward to future years.
- Based on the total share capital of the Company (including repurchased shares), the calculation for the capital increase per 10 shares is as follows: Capital Increase per 10 Shares = Total Capital Increase / Total Share Capital of the Company * 10 = 37,891,110 / 128,800,000 * 10 = 2.941856 shares (retained to six decimal places, not rounded).
- The reference price for each share after the equity distribution implementation will be calculated as follows: [Closing price on the record date - (Cash dividend amount per share based on total share capital, including repurchased shares)] ÷ [(1 + Additional shares per share based on total share capital, including repurchased shares)] = Closing price on the record date ÷ (1 + 0.2941856).
The 2024 annual equity distribution plan has been approved by the shareholders' meeting held on May 9, 2025. The equity distribution matters are hereby announced as follows:
I. Situation of the Profit Distribution Plan Approved by the Shareholders' Meeting
- The profit distribution and capital reserve increase plan for the 2024 fiscal year is based on the total share capital of 128,800,000 shares, minus the repurchased shares in the repurchase account (as of now, the Company has repurchased a total of 2,496,300 shares), resulting in a base of 126,303,700 shares. The plan is to distribute 3 additional shares for every 10 shares held to all shareholders using capital reserve, with an estimated total of 37,891,110 shares to be distributed. After this capital increase, the total share capital of the Company will increase to 166,691,110 shares (subject to the registration results of China Securities Depository and Clearing Corporation Limited Shenzhen Branch). In addition, no bonus shares will be issued, and no cash dividends will be distributed, with the remaining undistributed profits carried forward to future years.
- Before the implementation of this distribution plan, if the total share capital entitled to profit distribution changes due to share repurchases or other reasons, the base for the profit distribution rights will be adjusted accordingly based on the total share capital entitled to profit distribution on the record date, adhering to the principle of "unchanged distribution ratio."
- The equity distribution plan implemented this time is consistent with the profit distribution plan approved by the 2024 annual shareholders' meeting.
- The time elapsed since the approval of the equity distribution implementation by the shareholders' meeting is less than two months.