Securities Code: 001202
Securities Abbreviation: Jushen Co., Ltd.
Jushen Logistics Group Co., Ltd. (No. 8 Jintai Road, Danzhao Logistics Center, Nanhai District, Foshan City, Guangdong Province) is issuing a prospectus for the convertible bonds to unspecified investors.
Issuer's Statement
The China Securities Regulatory Commission and the Shenzhen Stock Exchange's decisions or opinions regarding this issuance do not guarantee the authenticity, accuracy, or completeness of the application documents and disclosed information, nor do they provide substantive judgments or guarantees regarding the company's profitability, investment value, or investor returns. Any contrary statements are false representations. According to the Securities Law, after the securities are legally issued, the company is responsible for changes in its operations and profits. Investors should independently assess the company's investment value and make their own investment decisions, bearing the investment risks arising from changes in the company's operations and profits or fluctuations in securities prices.
Major Matters Reminder
The company particularly reminds investors to pay full attention to the following major matters and read the relevant sections of this prospectus carefully.
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Compliance with Issuance Conditions: According to the Securities Law and relevant regulations, the company's issuance of convertible bonds to unspecified investors complies with legal issuance conditions.
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Scale of Issuance: Based on relevant laws and regulations, and considering the company's current financial status and investment plans, the total amount raised from this issuance will not exceed RMB 380 million (inclusive). The specific amount will be determined by the company's board of directors (or authorized personnel) within this limit, as authorized by the shareholders' meeting.
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Credit Rating: In July 2025, United Credit Ratings Co., Ltd. issued a credit rating report, assigning the company a credit rating of AA- with a stable outlook. The credit rating for the convertible bonds issued is also AA-. After the bonds are listed, United Credit Ratings Co., Ltd. will conduct at least one tracking rating annually and issue a tracking rating report. If external operating conditions, the company's situation, or rating standards change, leading to a downgrade of the credit rating, it will increase investment risks for investors and affect their interests.
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No Guarantee Provided: The company has not provided guarantees for this issuance of convertible bonds, as it meets the conditions for non-guarantee according to relevant regulations. If significant negative events occur that impact the company's management and debt repayment ability during the bond's duration, the lack of guarantees may increase repayment risks.
Company's Profit Distribution Policy and Recent Three-Year Profit Distribution Situation
- Current Profit Distribution Policy: According to the company's current effective Articles of Association, the profit distribution policy is as follows:
- Principle of Profit Distribution: The policy maintains continuity and stability while considering the long-term interests of the company, the overall interests of all shareholders, and sustainable development. The company prioritizes cash dividends.
- Shareholder Return Planning: The board of directors should conduct special research on shareholder returns, formulate a clear return plan, and explain the reasons for the arrangements. The plan should be re-established at least every three years.
- Decision Procedures and Mechanisms: The annual profit distribution plan is drafted by the board based on the company's operating conditions and relevant regulations and submitted to the shareholders' meeting for approval. The board should carefully study and demonstrate the timing, conditions, and minimum ratio for cash dividends, as well as the decision-making procedures. Independent directors can gather opinions from minority shareholders and propose dividend proposals directly to the board for consideration.