*ST Gao Sheng (000971): Notice Of Court Closing

*ST Gaosheng (000971.SZ) announced that in December 27, 2019, the company announced the announcement of the Henan Huaxian people's court's return of wholly owned subsidiaries to be frozen and deducted funds and litigation progress. In December 29, 2017, the real controller and the company signed the loan contract with the company as the joint borrower and the lender Zhou Shoubin. So far, the company's controller has returned the funds. In December 31, 2019, the company received the notification of the closing of No. 0526 of Henan 0526 (2019) issued by the people's Court of Huaxian, Henan.

According to the number issued by the people's Court of Huaxian, Henan (2019), "0526 people's Court of Henan Province, No. 1328," the notice of closing the case of Huaxian people's Court of Henan Province, because the applicant Zhou Shoubin applied for the execution of a dispute between Wei Zhenyu and Gaosheng Cmi Holdings Ltd on the loan contract, the court saved 9 million 614 thousand yuan in the account of Jilin Gaosheng Technology Co., Ltd. in December 2, 2019. The executor has completed all the cases in two times on December 19, 2019 and 20. The applicant has received and agreed to close the case. After being applied by Jilin Gaosheng Technology Co., Ltd., all the 9 million 614 thousand yuan that has been allocated to the company has been returned to the company's account. At this point, Zhou Shoubin applied to the Academy for execution (2018) Yu 0526 early Republic of China 6511 civil mediation book has been completed, has been closed.

According to the payment basis provided by Wei Zhenyu, the actual controller of the company, Wei Zhenyu entrusted others to complete the case in two or 20 days, and paid 9 million 614 thousand yuan to the people's Court of Huaxian, Henan Province, to repay the principal and interest of Zhou Shoubin's interest on the basis of two payments. The Huaxian people's Court of Henan province refunded the 9 million 614 thousand yuan of the wholly-owned subsidiary of Jilin Gaosheng Technology Co., Ltd. at that time.

The company has made an estimated total debt of 8 million yuan for loans and interest payments in respect of the above cases in 2018. In 2019, according to the ruling of the closing notice, the company is expected to return the estimated liability of 8 million yuan. The specific profit impact amount will be determined by the annual audit confirmation of the accountant.