Gaosheng Holdings (000971): The Expiration Of The Time Limit For The Implementation Of The Actual Controlling Shareholder'S Shareholding And Its Implementation

Stock Code: 000971 securities short: Gaosheng holding Announcement No.: 2019- 03.

Gaosheng Cmi Holdings Ltd's announcement on the expiration of the actual controller's shareholding plan and its implementation

Mr. Wei Zhenyu, the company's actual controller, guarantees that the information provided to the company is true, accurate and complete, without false records, misleading statements or major omissions.

All members of the company and the board of Directors ensure that the content of the announcement is consistent with the information provided by the disclosing obligor.

Gaosheng Cmi Holdings Ltd (hereinafter referred to as the "company") disclosed the announcement on the actual controller's shareholding scheme in April 20, 2017 (Announcement No.:

Number 2017-32).

The actual controller of the company, Mr. Wei Zhenyu and its controlled entity plan, has increased the company's shares within 12 months since April 20, 2017, and plans to increase the number of shares to be no less than 10 million shares, accounting for 1.96% of the total share capital of the company at that time, and no more than 50 million shares, representing 9.78% of the total share capital of the company.

The amount of increase is not more than 1 billion yuan.

In April 20, 2018, the company disclosed the announcement on the plan adjustment of the actual controller to increase the shares of the company (announcement number: 2018-41), and the actual controller Mr. Wei Zhenyu extended the duration of the company's shareholding plan for six months (for example, during the period when the relevant provisions of the sensitive period and window period could not be increased, and the corresponding postpones during the period of the increase), and increased its concerted action as the main body of the increase.

In January 11, 2019, the company received the notice of Mr. Wei Zhenyu, the controller of the actual controller. Its implementation period has expired. However, due to the sharp fluctuations in the financial markets, the capital market has changed greatly and the financing difficulties have intensified.

The details are hereby announced as follows:

1. The main contents of the scheme.

1. The owner of the company: Mr. Wei Zhenyu, the actual controller of the company and his co operative.

2, the purpose of the increase: Based on the broad growth space of the Internet cloud based service industry and the confidence of the company's future business prospects, and the reasonable judgement of the long-term investment value of the company, we intend to implement this increase plan.

3, the way to increase Holdings: through the asset management plan of private accounts or securities companies, fund management companies and other means, the company may increase its holdings through the way permitted by the Shenzhen stock exchange trading system (including, but not limited to, centralized bidding, continuous bidding and bulk trading). If the tender offer is triggered, the tender offer procedure will be carried out according to the relevant provisions of the listed company's acquisition management measures.

4, increase the number and amount of shares: the planned increase of shares of the company is not less than 20 million shares, not more than 100 million shares, the amount of increase does not exceed 1 billion yuan.

(due to the implementation of the high proportion pfer scheme in March 2018, the planned increase in the number of shares has been adjusted).

5, increase the price of the shares: the price range is not set, the increase will be based on the reasonable judgement of the value of the company's stock, and according to the company's stock price volatility and the overall trend of the capital market, the implementation of the increase plan.

6, the implementation period of the increase plan: the implementation period of the original increase plan is from April 20, 2017 to April 19, 2018. After the adjustment of the overweight scheme is extended, it will be extended for six months on the basis of the implementation period of the original increase plan.

7, the capital arrangement for increasing shares: use self owned funds and self raised funds.

Two. Implementation of the increase plan.

Before the implementation of this increase plan, the company's actual controller Mr. Wei Zhenyu directly and indirectly held 304488978 shares of the company, accounting for 27.97% of the total share capital of the company.

During the implementation of the increase plan, Mr. Wei Zhenyu did not increase his stake in the company.

Three. The reasons for the failure to implement the increase plan

After disclosing the above holdings, the actual controller Mr. Wei Zhenyu actively raised

Because of the sharp fluctuations in domestic and foreign financial markets, the capital market has changed greatly and the financing difficulties have intensified.

Notice hereby

Gaosheng Cmi Holdings Ltd board two O 19 January 11th