Hi,
From the information you mentioned , all the folders ,APPS, documents, certificates are under the shared folder, right?
Since you just mentioned the NTFS permission, before going further, we need to confirm the difference between share permission and the NTFS permission.
The NTFS permission, determines who can access a file or folder and what level of access can be made to the resources, both across the network and locally.
When there is a conflict between Share and NTFS permissions, the most restrictive permission applies.
Following link for your reference:
https://blog.foldersecurityviewer.com/7-best-practices-in-managing-ntfs-permission/
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For your situation:
The Guest account is automatically enabled in older OS, and it is part of the “Everyone” group. This creates a problem because whatever access is given to “Everyone”, Guests inherits it.
For now , the Everyone SID is removed from the token that is created for anonymous connections by default.
You 'd better confirm this policy is Disabled: Let Everyone permissions apply to anonymous users under Computer Configuration\Windows Settings\Security Settings\Local Polices\Security Options
Or the Guest-App1 will inherit the permission assigned to Everyone.
Best Regards,