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Shentong Express: The total guarantee for its subsidiaries is 2.38 billion

author:Express ecosystem Zhao Xiaomin

Prompt! The main target groups of the express ecosystem: (investors, private equity funds, brokerage institutions, local government decision-makers, express regulatory departments, express operators, media practitioners, express upstream and downstream operators, franchise network owners, express logistics practitioners with an annual salary of more than 300,000 yuan)

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Shentong Express: The total guarantee for its subsidiaries is 2.38 billion

Recently, Shentong Express Co., Ltd. (hereinafter referred to as "Shentong Co., Ltd."), a wholly-owned subsidiary of Shentong Express, signed the "Guarantee Contract" with Bank of Shanghai Co., Ltd. Shinan Branch (hereinafter referred to as "Bank of Shanghai Shinan Branch"), under which Shentong Co., Ltd. will provide joint and several liability guarantee guarantee for all claims formed by the loans provided by each debtor (company franchisee) of Bank of Shanghai Shinan Branch, and the cumulative amount of guarantee liability shall not exceed RMB 20 million.

Shentong Express: The total guarantee for its subsidiaries is 2.38 billion

On April 24, 2024, the third meeting of the sixth session of the board of directors of Shentong Express deliberated and approved the "Proposal on Providing External Guarantees", and agreed that the company (including its holding subsidiaries) will provide a total guarantee of no more than RMB 200 million for the company's franchisees or their legal representatives when applying for loans from banks and other financial institutions, which has been deliberated and approved by the 2023 annual general meeting of shareholders and is valid until the date of the expected general meeting of shareholders to review the external guarantee quota in the next year. The balance of the guarantee at any point in time shall not exceed the amount of guarantee approved by the general meeting of shareholders.

Shentong Express: The total guarantee for its subsidiaries is 2.38 billion

The board of directors of Shentong Express said that the company provides guarantees for franchisees or their legal representatives, which is conducive to improving the financing ability of franchisees, thereby improving the operating strength of franchisees and the company's market competitiveness. In summary, the overall risk of this guarantee is controllable and will not affect the company's production and operation, and the relevant decision-making procedures comply with the relevant provisions of the Shenzhen Stock Exchange Stock Listing Rules and the Articles of Association.

As of the disclosure date of this announcement, the total amount of external guarantees of the company and its holding subsidiaries is 258,000 yuan, accounting for 29.36% of the company's audited net assets in 2023, of which the total guarantee for its subsidiaries is 238,000 yuan, and the total guarantee for units/individuals outside the consolidated statements is 20,000 yuan; The actual amount of external guarantees of the company and its holding subsidiaries is 2020000 yuan, accounting for 22.99% of the company's audited net assets in 2023, of which the balance of guarantee for subsidiaries is 19600000 yuan, and the balance of guarantee provided to units/individuals outside the consolidated statements is 60000000 yuan; The company and its holding subsidiaries do not have overdue external guarantees, no guarantees involving litigation, and no guarantees that should be borne due to the judgment against the lawsuit.

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Recently, the stock market continues to fluctuate, some criminals illegally make profits, harming the legitimate rights and interests of investors, I will increase the supervision of trading behavior, enrich the means of clue screening, make overall arrangements for special verification, strengthen the "penetrating" transaction monitoring, use multi-dimensional technical means to collect market intelligence, and carry out joint research and judgment with the Ministry of Public Security, and find a number of cases suspected of manipulating the market and malicious shorting.

An illegal gang controlled more than 100 securities accounts to manipulate a certain stock, used continuous pulling, reverse trading and other methods to affect the stock price, and then waited for the opportunity to clear the stock and smash the shipment, resulting in a flash crash and continuous decline in the price of individual stocks, with a total of 2.7 billion yuan sold and an illegal profit of about 130 million yuan.

The actual controller of an investment institution manipulated the prices of more than 20 stocks by suppressing stock prices, absorbing chips at a low level, and continuously pulling up, resulting in rapid fluctuations in the prices of individual stocks, and even extreme markets such as "sky flooring" within a day, from which the transaction illegally profited 140 million yuan.

A certain lawbreaker took advantage of his capital advantage and used hundreds of millions of yuan to frequently make false declarations for many futures products on the futures exchange, creating a false impression of trading, deceiving other investors, and taking the opportunity to sell them for a profit of more than 4,000 yuan.

The China Securities Regulatory Commission (CSRC) insists on responding quickly and resolutely investigating and dealing with illegal acts that affect the stable operation of the stock market and harm the legitimate rights and interests of investors.

Manipulating the market to maliciously short-sell, seriously eroding the people's "money bags", has stood on the opposite side of all stockholders, disrupting the normal rhythm of the healthy and stable operation of the stock market. The China Securities Regulatory Commission will maintain a high-pressure posture of "zero tolerance", resolutely crack down, and let those who dare to illegally manipulate and maliciously short sellers "go bankrupt and sit in prison". In this warning, don't defy the law and take the chestnut from the fire.

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Prompt! The main target groups of the express ecosystem: (investors, private equity funds, brokerage institutions, decision-makers of local governments, express regulatory departments, express logistics operators, media practitioners, upstream and downstream operators of express logistics, owners of franchised outlets, express logistics practitioners with an annual salary of more than 300,000 yuan.

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