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

Securities code: 000971 securities referred to as: *ST high rise Announcement No.: 2020-05

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) on January 7, 2020, 8, 9, three consecutive trading days closing price declines deviated from the value reached the "Shenzhen stock exchange rules" on the abnormal fluctuations in stock trading provisions, the magnitude of abnormal fluctuations in stock transactions.

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 currently have any disclosures that are not disclosed in accordance with the relevant provisions of the Shenzhen Stock Exchange Listing Rules, or the planning, negotiation, intention and agreement related to the matter.

There are information that should be disclosed in accordance with the relevant provisions of the Shenzhen Stock Exchange Listing Rules and have no significant effect on the stock price of the company.

Four. Risk warning that listed companies consider necessary.

(1) major risk prompts

1, in January 6, 2020, the company received the letter of concern about Gaosheng Cmi Holdings Ltd issued by the Shenzhen Stock Exchange (company's letter of concern No. 2020] fourth). The company is actively organizing relevant reply.

In 2 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. Up to now, the company has fined six hundred thousand yuan in full.

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. The details are listed in the company's information disclosure media in December 26, 2019.

On receipt of the notice of administrative penalty and relevant documents issued by the Hubei Supervision Bureau of the China Securities Regulatory Commission (Announcement No. 2019-128).

3, as of now, the progress of the company's handling of illegal guarantee matters is as follows: first, according to the announcement of the civil judgment of the fourth intermediate people's Court of Beijing and the announcement of litigation progress (Announcement No. 2019-119) disclosed by the company in December 9, 2019, the Beijing Municipal No. 4 Intermediate People's court decided that the loan contract of the company's No. 2018 (001) of the Sino Thai Development and blue Ting industry is no longer required to bear unlimited joint guarantee liability, nor to bear the fault liability for the invalidation of the contract. 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. 4, in January 9, 2020, the company published the notice notice on the release of restricted shares of non public development banks in the designated information disclosure media (Bulletin number 2020-04). Approved by the China Securities Regulatory Commission, the company issued 5 shares of equal shares to all 105140185 natural persons, all of which are restricted to the sale of shares. The shares were listed on the Shenzhen stock exchange in November 4, 2015. After the implementation of the rights and interests allocation in April 25, 2018, the total number of shares held by these 5 persons was 210280370 shares, accounting for 19.85% of the total share capital of the company. This restricted stock can be listed for circulation in January 10, 2020 after lifting the ban.

(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 9th