Jin Yu Che Cheng (000803): Progress Of Major Litigation

Sichuan Jinyu Automobile City (Group) Limited by Share Ltd

Announcement of major litigation progress

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 the case

Plaintiff, Dongguan Construction Engineering Group Co., Ltd., sued the Nanchong intermediate people's court for the defendant, Nanchong Jinyu Real Estate Development Co., Ltd. (hereinafter referred to as "Jinyu real estate") and the defendant Sichuan Jinyu Automobile City (Group) Limited by Share Ltd (hereinafter referred to as "company" or "Jinyu Che Cheng"), Jinyu city is the sole shareholder of Jinyu real estate. On the case of construction contract dispute with Jinyu real estate construction project, according to the settlement report submitted by the plaintiff, its settlement amount was 201767806.46 yuan, and it still owed 60 million yuan. The plaintiff's suit ordered the defendant Jinyu property to pay 60 million yuan for the plaintiff's project, and the defendant paid the interest of the plaintiff for the delayed payment of the project (at the rate of 60 million yuan in the same period of the bank loan), which was calculated from July 1, 2014 until the day of payment. The interest is temporarily suspended to 13 million 765 thousand yuan in May 30, 2019); the judgment confirms that the plaintiff's project has a priority claim in the auction construction project; the judgment Jinyu city is responsible for joint payment of the project and interest rate for Jinyu real estate, and the litigation fee is borne by the two defendants.

The specific contents of the case are detailed in the "major litigation notice" disclosed by the company on China Securities Journal and giant tide information online in August 3, 2019 (Bulletin number: 2019-79).

Two. Progress in case proceedings

Jinyu real estate and company received the application for additional litigation request from the intermediate people's Court of Nanchong in August 19, 2019.

1, parties concerned

Applicant: Dongguan Construction Engineering Group Co., Ltd.

Respondent (defendant): Nanchong Jinyu Real Estate Development Co., Ltd.

Respondent (defendant two): Sichuan Jinyu Motor City (Group) Limited by Share Ltd

2, increase litigation reasons.

Securities code: 000803 securities referred to: Jinyu car city announcement number: 2019 - 82, the applicant and the applicant construction contract dispute case, the court has accepted. After completing the construction contract and supplementary agreement of the Tiancheng project, the applicant is required to increase the construction of the terrace and storehouse after the construction works are completed and completed. The applicant has completed the work according to the requirements and has compiled the settlement book on the part of the project in August 2014, with a settlement of 1014004 yuan. In the same month, the applicant submitted the settlement information of the part of the project to the respondent, but the respondent did not reply within 60 days after the settlement report and settlement information submitted by the plaintiff.

3, increase litigation claims:

According to the law, the defendant shall increase the payment of the plaintiff's project amount by 1014004 yuan and the interest rate since October 1, 2014 (according to the interest rate of the bank in the same period).

Three, litigation decisions

The lawsuit has been accepted by the intermediate people's Court of Nanchong and has not yet been heard.

Four, the impact on the company

Because the case has not been heard in court, the company is unable to judge the specific impact of this litigation on the company's current profit or subsequent profits. We invite investors to pay attention to investment risk.

Five. Reference documents

1. Increase litigation claims.

2, the intermediate people's Court of Nanchong sends back evidence.

Notice hereby.

Sichuan Jinyu Automobile City (Group) Limited by Share Ltd

Board of directors August 20, 2019