*ST Gaosheng (000971): Abnormal Fluctuations In Stock Trading

Securities code: 000971 securities referred to as: *ST high rise Announcement No.: 2020-02

Gaosheng Cmi Holdings Ltd stock trading abnormal fluctuation announcement

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. Introduction of abnormal fluctuations in stock transactions

Gaosheng Cmi Holdings Ltd (hereinafter referred to as "company") stock (Stock Code:

000971, securities short: *ST Gaosheng) in December 31, 2019, January 2, 2020, 3, three consecutive trading days closing price rises deviated from the value of the "Shenzhen stock exchange rules" on the abnormal fluctuations in stock trading provisions, the magnitude of abnormal trading activity.

Two, the company concerned and verified the relevant situation.

In view of the abnormal fluctuation of the company's stock price, the company's board of directors is concerned, consulted, checked and verified.

There is no need for correction and complements in the information disclosed by the company in the early stage; no public information has been reported on the recent public media that may have or has had a significant impact on the stock trading price of the company. Recently, the company's operating conditions and internal and external business environment do not exist or are expected to undergo major changes. There are no major issues that should be disclosed by the company, major shareholders or actual controllers, or important matters in the planning stage. During the abnormal fluctuation of stock trading, there is no stock trading situation between major shareholders and actual controllers.

Three. Is there a description of information that should be disclosed without disclosing information?

The board of directors of the company has further verified that the company does not have any disclosures that are not disclosed in accordance with the relevant provisions of the Shenzhen Stock Exchange Listing Rules.

In connection with the matters related to planning, negotiation, intention, agreement, etc., the board of directors has not received any information that the company has disclosed, which is not disclosed in accordance with the relevant provisions of the Shenzhen Stock Exchange Listing Rules, and has a greater impact on the stock price of the company.

Four. Risk warning that listed companies consider necessary.

(1) major risk prompts

In 1 and December 24, 2019, the company received the "administrative penalty decision" issued by the Hubei Supervision Bureau of the China Securities Regulatory Commission. The penalties are as follows: first, give warning to Gaosheng Cmi Holdings Ltd and impose a fine of six hundred thousand yuan; two, give a warning to Wei Zhenyu and impose a fine of three hundred thousand yuan; at the same time, Wei Zhenyu, as the controller of Gaosheng holdings, gives a warning and fines six hundred thousand yuan, and the total penalty is nine hundred thousand yuan. Three, warned Li Yao and Zhang Yiwen and fined three hundred thousand yuan respectively; four, gave Sun Peng a warning and imposed a fine of one hundred thousand yuan. Wei Zhenyu, the actual controller of the company, received the "market entry ban decision" issued by the Hubei Securities Regulatory Commission of the China Securities Regulatory Commission. The penalty decision is as follows: five years' ban on securities market was adopted by Wei Zhenyu. During the period of prohibiting entry, it is not allowed to continue to serve as directors, supervisors or senior managerial personnel of the original listed companies, nor shall they engage in securities business in any other institution, or serve as directors, supervisors or senior managerial personnel of other listed companies and non listed public companies.

The company's violation of the above decision on administrative penalty does not touch on the provisions of the second, fourth and fifth articles of the Shenzhen Stock Exchange on the implementation of major illegal delisting measures of listed companies, as well as the regulations of the Shenzhen Stock Exchange listing.

Article 13.2.1 (eight) to (ten) provides a major illegal delisting situation. For details, see the announcement of the "administrative penalty decision" and relevant documents issued by the Hubei Regulatory Commission of the China Securities Regulatory Commission (Announcement No. 2019-128) in December 26, 2019 on the designated information disclosure media.

2, as of now, the progress of the company's illegal guarantee matters is as follows: 1.

In December 9, 2019, the disclosure of the "civil judgment of the fourth intermediate people's Court of Beijing" and the announcement of the proceedings (Bulletin number 2019-119), the fourth intermediate people's Court of Beijing decided that the company's Contract No. 2018 for the Sino Thai Development and the blue Ting industry was (2018) no need to bear unlimited joint guarantee liability and no fault liability for the contract was invalid. Two, according to the announcement of the company's disclosure of the notice of the people's Court of Huaxian Province in Henan (Announcement No. 2019-134) in January 2, 2020, for the violation of the seal of the company's current chairman and the signing of the loan contract by the company and the real controller as the co Borrower and the lender Zhou Shou bin, the real controller has returned to the Huaxian court. The company subsidiary Jilin Gaosheng Technology Co., Ltd. has confirmed that its bank account has received the deducted funds returned by the Huaxian people's Court of Henan Province, and the company has received the Notice No. 1328 of the 0526 people's Court of Henan Province issued in December 31, 2019 by the Huaxian people's Court of Henan province (2019). In addition, other irregularities have not yet been resolved, and the impact on the company's current profits or future profits is uncertain. The company will continue to follow up the progress of related matters and fulfill the obligation of information disclosure in a timely manner.

Other proceedings are proceeding as follows: first, in January 2, 2020, the company published a notice on the results of civil ruling and proceedings of the higher people's Court of Guangdong (announcement number: 2019-133) in the specified information disclosure media. According to the final ruling of the Guangdong Provincial Higher People's Court issued (2019) No. 319 civil ruling of Guangdong Province, the objection raised by Gaosheng holding company to the jurisdiction of this case was rejected; the 831 original trial order of the Shenzhen intermediate people's Court (2019) in Guangdong, 03, and the early Republic of China was revoked. 3, as of now, the company The impact of this lawsuit on the company's current profits or subsequent profits is uncertain. The company will fulfill its obligation of information disclosure in accordance with the progress of the case. Two, the company was appointed in January 3, 2020.

In the media of information disclosure, the notice on civil orders and proceedings of the people's Court of Hubei province and the Hanjiang intermediate people's court in Xiantao (announcement number: 2020-01) has been published. According to the civil ruling issued by the court of the Hanjiang intermediate court and Xiantao court, the appeal of the civil ruling of the court on jurisdiction over the Xiantao court has been withdrawn. The plaintiff's withdrawal from the company's lawsuit has been withdrawn by Ping, Weng yuan and Xu Lei. The result of this lawsuit has no effect on the daily operation and financial situation of the company.

(two) after further self-examination, the board of directors of the company confirmed that there was no violation of information fair disclosure.

(three) the company's designated media for information disclosure is China Securities Journal and Shanghai Securities Journal.

The securities times, the Securities Daily and the www.cninfo.com.cn, all the information of the company is based on the information published in the above designated media. Investors are invited to invest rationally and pay attention to risks.

Notice hereby

Gaosheng Cmi Holdings Ltd board of directors

Two O two O January 3rd