*ST Gaosheng (000971): Subsidiaries Are Frozen To Deduct Funds And Litigation Progress

Stock Code: 000971 securities short: *ST, Gao Sheng Announcement No.: 2019-129

Gaosheng Cmi Holdings Ltd's freeze on the return of wholly owned subsidiary of Huaxian people's Court of Henan Province

Announcement of progress in capital and litigation

All members of the company and the board of Directors ensure that the contents of the announcement are true, accurate and complete, without false records, misleading statements or major omissions.

Owing to the illegal use of the seal by the then chairman of the Cmi Holdings Ltd, the company signed a loan contract with Zhou Shoubin and Wei Junkang as the joint borrower and lender Zhou Shoubin. As of the maturity date, the loan has not yet been returned. Zhou Shoubin applied for compulsory execution on 22 March 2019 to the Huaxian people's Court of Henan province (hereinafter referred to as "Huaxian court"). The Huaxian court issued the "executive order" in December 2019, and executed the bank account of Jilin Gaosheng Technology Co., Ltd. (hereinafter referred to as "Gaosheng technology"), which was frozen by RMB 9614000 yuan. For details, see the announcement of the summons and relevant legal documents and proceedings of the people's Court of Henan province (Bulletin No. 2019-29) published in the designated information disclosure media in April 4, 2019 and December 5, 2019 (Bulletin number No. 2019-29), and the announcement on the progress of the freezing and deduction of the funds of wholly owned subsidiaries by the people's Court of Huaxian, Henan (Bulletin number: No. 2019-118).

The company recently learned that the company's real controller had returned the funds to the Huaxian court. Gaosheng technology confirmed that its bank account had received RMB 9614000 yuan from the Huaxian people's Court of Henan province.

Due to the fact that the relevant materials of the Huaxian court have not yet been closed, the impact of the above items on the profits or profits after the current period is uncertain. The company will continue to follow up the progress of the related matters and fulfill the obligation of information disclosure in a timely manner.

China Securities Daily, Shanghai Securities Daily, securities times, securities daily and www.cninfo.com.cn provide designated information disclosure for the company. All information is based on the announcement made by the company in the above designated media. We invite investors to pay attention to company announcements and pay attention to investment risks.

Notice hereby

Gaosheng Cmi Holdings Ltd board two O 19 December 26th