- The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Securities Code: 001202
Securities Abbreviation: Jushen Co., Ltd.
Announcement Number: 2025-079
Announcement on the Progress of Subsidiary Company's Financing Lease Business and Guarantees
1. Transaction Overview
(1) Basic Information
To expand overseas transshipment business, Jushen Logistics Group Co., Ltd. (hereinafter referred to as "the Company") previously signed a shipbuilding contract and related agreements with Yangzhou Hairun Shipbuilding Co., Ltd. through Hong Kong Shenhao Shipping Co., Ltd. (hereinafter referred to as "Hong Kong Shenhao") and Hong Kong Shenrui Shipping Co., Ltd. (hereinafter referred to as "Hong Kong Shenrui"). The contracts stipulate that Yangzhou Hairun will build one 75-meter floating crane ship for each of Hong Kong Shenrui and Hong Kong Shenhao. For specific details, please refer to the Company's announcement on March 1, 2025, titled "Progress Announcement on Signing the Letter of Intent" (Announcement Number: 2025-014) and other related announcements. Recently, to broaden financing channels, Hong Kong Shenhao and Hong Kong Shenrui have engaged in financing lease business with Tianjin Dongjiang Comprehensive Bonded Zone Haisheng No. 12 Leasing Co., Ltd. (hereinafter referred to as "Haisheng No. 12 Leasing") and Tianjin Dongjiang Comprehensive Bonded Zone Haisheng No. 11 Leasing Co., Ltd. (hereinafter referred to as "Haisheng No. 11 Leasing") using the aforementioned two floating crane ships as collateral, with a total financing amount of RMB 89,258,000 (excluding interest). The Company provides irrevocable joint liability guarantees for the aforementioned financing lease business.
(2) Approval Status
The Company's 29th meeting of the 3rd Board of Directors held on April 16, 2025, approved the proposal on adjusting the expected guarantees for subsidiaries in 2025, which has also been approved by the Company's shareholders' meeting. The Company agreed to provide guarantees not exceeding RMB 150 million for Hong Kong Shenrui and Hong Kong Shenhao, with specific details available in the Company's announcement on April 18, 2025, titled "Announcement on Adjusting the Expected Guarantees for Subsidiaries in 2025" (Announcement Number: 2025-025). The guarantees provided this time are within the approved limit and do not require another board or shareholders' meeting for review.