Zhejiang Longsheng (600352): The Controlling Shareholder Has Received The Ruling Result.

Securities code: 600352 securities short: Zhejiang Longsheng announcement number: 2019-059

Zhejiang Longsheng group Limited by Share Ltd's announcement on the result of the ruling of the controlling subsidiary

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Important note:

The litigation stage of the case: a criminal ruling, which is final adjudication.

The status of the parties in the company: appellant Desta (Nanjing) dyestuff Co., Ltd.

The amount involved is RMB 2 million yuan.

Whether it will have a negative impact on the profits and losses of listed companies: smaller

In July 25, 2019, the company received the "criminal ruling" of the intermediate people's Court of Nanjing, Nanjing, which was transferred to Jiangsu by the holding subsidiary, dyesta dyestuff Co., Ltd. (2019) and the 01 sentence of the Soviet Union No. 347. The relevant information is hereby announced as follows:

First, the basic situation of this lawsuit.

The basic information of this lawsuit is detailed in the announcement of the company's receipt of indictment on October 12, 2018 (Bulletin number: 2018-052), which was disclosed by the company in October 12, 2018, and the announcement on the result of the judgment of the controlling subsidiary received in April 10, 2019 (Bulletin number: No.

Two. The second instance ruling of this lawsuit.

In April 5, 2019, the people's Court of Xuanwu District, Nanjing, Jiangsu, made a criminal decision. During the time limit for appeal, Dassault (Nanjing) dyestuff Co., Ltd. and five persons involved in the case refused to accept the verdict, and appealed to the Nanjing intermediate people's Court of Jiangsu province. In July 11, 2019, the intermediate people's Court of Nanjing, Jiangsu Province, in accordance with the provisions of item 1 (1) of the 236th article of the criminal procedure law of the People's Republic of China, ruled as follows:

Dismissed the appeal and upheld the original judgment. This ruling is final adjudication.

Three. The impact of this ruling on the company.

The amount involved in the litigation determines the proportion of the assets of the company at the end of last year and the profit of the previous year.

Smaller, and less impact on current profits and losses. The company respects the court's ruling and will exercise the right of dissenting the law to the company according to the relevant facts. Investors are advised to invest rationally and pay attention to risks. The company's designated information disclosure media are Shanghai securities news, securities times, securities daily and Shanghai stock exchange website. The company information is subject to the disclosure of designated media.

Four. Reference documents

Jiangsu province Nanjing intermediate people's court "criminal ruling" [(2019) Su 01 punishment 347]. Notice hereby.

Zhejiang Longsheng group Limited by Share Ltd

Board two 0 19 July 26th