*ST Kerry (002072): Litigation Matters

Kerid Cmi Holdings Ltd's notice on litigation matters

All members of the company and the board of directors guarantee that the contents of the information disclosure are true, accurate and complete, without false records, misleading statements or major omissions.

I. The basic situation of litigation matters

In August 5, 2019, Kai Reed Cmi Holdings Ltd (hereinafter referred to as "company") received the "civil ruling" of the higher people's Court of Beijing, allowing Wang Dongfeng to withdraw the prosecution.

Two. The basic situation of the case.

Plaintiff: Wang Dongfeng

Address: No. 6, No. 68 Changfeng South Road, Luyang District, Hefei, Anhui 403

Defendant: Wu Lianmo

Hongkong permanent identity card number: M5***04 (7)

Defendant: Kade investment (Hainan) Co., Ltd.

Legal representative: Rao Da Cheng

Accommodation: Room 2, room two, floor two, block A, Huamao building, 18 Jinmao West Road, Longhua District, Haikou, Hainan.

Defendant: Kai Reed Cmi Holdings Ltd

Legal representative: Wang Hong, general manager (general manager of the company has been changed to Ms. Li Yanmei, see 2019-L052 for details).

Residence: No. 18, Shun he road, Dezhou.

Third party: Pingxiang Dacheng Technology Partnership (limited partnership)

Executive partner: Chen Shi

Residence: Thirteen floor, economic and trade building, Pingxiang Economic Development Zone, Pingxiang, Jiangxi.

Third party: Pingxiang Xinye technology partnership (limited partnership)

Executive partner: Lin Enmin

Residence: Thirteen floor, economic and trade building, Pingxiang Economic Development Zone, Pingxiang, Jiangxi.

Three. Judgement and Adjudication

Plaintiff Wang Dongfeng and defendant Wu Lianmo, defendant Cade investment (Hainan) Limited, defendant Kay Reed Cmi Holdings Ltd, third Pingxiang Dacheng science and technology partnership (limited partnership), third Pingxiang Xinye technology partnership

(limited partnership) contract dispute case, the Beijing Higher People's court filed in January 29, 2019. Plaintiff Wang Dongfeng filed an application for withdrawal from the Beijing Higher People's Court on 9 April 2019.

The Beijing Higher People's court held that Wang Dongfeng's application was in accordance with the law, and the Beijing Higher People's court granted it. In accordance with the first paragraph of article 145th of the Civil Procedure Law of the people's Republic of China, the following is decided:

Wang Dongfeng was allowed to withdraw the action.

The company still needs further verification on the specific circumstances of the above withdrawal cases, and will promptly fulfill the obligation of information disclosure after verification.

Four. Reference documents

Civil ruling of Beijing Higher People's Court (2019) No. 16, Beijing min Chu.

Notice hereby.

Kerid Cmi Holdings Ltd board August 7, 2019