1. Introduction
On November 9, 2025, the Shenzhen Stock Exchange issued an inquiry letter regarding Jushen Logistics Group Co., Ltd.'s (hereinafter referred to as "Jushen", "the Company", "the Issuer") application to issue convertible bonds to unspecified objects (Inquiry Letter [2025] No. 120049). Jushen, along with its sponsor Guolian Minsheng Securities Co., Ltd., Beijing Jiayuan Law Firm, and Tianjian Accounting Firm, has carefully reviewed and addressed the inquiries raised in the letter.