Statement to Investors
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Purpose of the Issuer's Listing
As China's economy enters a new normal, the logistics industry, as a vital service sector, will shift from pursuing scale growth to enhancing quality and efficiency. To keep pace with industry developments, the company needs to invest more resources in transportation network layout, warehouse system optimization, and information system upgrades to improve overall quality and meet the increasing supply chain management demands of clients, supporting the dual circulation development of the economy. During the listing guidance process, the company continuously improved internal controls, standardized governance structures, and refined management systems to provide institutional guarantees for long-term development. After the listing, the company will leverage the advantages of the capital market platform to seize industry development opportunities, expand production and operational scale, achieve coordinated development across transportation, warehousing, and customs services, and further consolidate its leading position in the domestic logistics industry. Additionally, the listing will help attract top talent, enhance brand influence, and achieve sustainable development, creating greater value for society and shareholders. -
Establishment and Improvement of the Issuer's Modern Enterprise System
Since its establishment, the company has formulated its Articles of Association in accordance with the Company Law, Securities Law, and other relevant laws and regulations. It has established a governance structure composed of the shareholders' meeting, board of directors, supervisory board/audit committee, and senior management, forming a clear and coordinated mechanism of mutual checks and balances among power institutions, decision-making bodies, supervisory institutions, and management, providing organizational guarantees for efficient and stable operations. The company has developed rules for shareholders' meetings, board meetings, related party transaction decision-making systems, independent director work systems, external guarantee management systems, and detailed rules for the board secretary's work, providing institutional guarantees for standardized corporate governance. The company has established a modern enterprise system centered on corporate governance structure in accordance with the governance standards for listed companies, forming a standardized corporate governance system and an effective internal control environment. -
Necessity of the Issuer's Financing and Fund Utilization Plan
The funds raised in this offering will primarily be invested in the "Shimeng Supply Chain Operation Expansion Project," "Shimeng Operation Center Construction Project," "Shimeng Company Information Technology Upgrade Project," and to supplement working capital. The company has established a comprehensive mechanism for the storage, use, change, management, and supervision of raised funds to ensure the effective implementation of the funded projects.
The implementation of these investment projects will help the company enhance its comprehensive transportation network layout and operational capabilities, improve warehousing and supporting logistics service capabilities, and increase the timeliness and accuracy of information system operations. The company will be able to allocate various resources and facilities more rationally, create efficient supply chain solutions, reduce operational costs for clients, and improve the efficiency and quality of the entire supply chain logistics, helping the company seize the rapid development opportunities in the third-party logistics industry, continuously expand market share, and achieve stable growth in operating performance. Therefore, financing for the construction of these investment projects is necessary.