*ST Gaosheng (000971): Risk Warning That Company Shares May Be Suspended From Listing

Stock Code: 000971 securities short: *ST, Gao Sheng Announcement No.: 2020-17

Gaosheng Cmi Holdings Ltd's risk warning notice that the company's shares may be suspended from listing

All members of the company and the board of Directors ensure that the contents of the announcement are true, accurate and complete without any false record.

Misleading statements or major omissions.

Special note:

Gaosheng Cmi Holdings Ltd (hereinafter referred to as the "company") 2018 annual financial report by the central public accounting firm (special general partnership) issued a report that can not express opinions. If the company's financial report in 2019 continues to be issued an audit report which can not express opinions or negates opinions, the company's stock will have a risk of being suspended from listing. The company's audited net profit in 2018 is negative. If the company's audited net profit in 2019 continues to be negative, the company's stock will continue to be warned of delisting risks. Remind investors to pay attention to investment risk.

Reasons and risk hints of possible suspension of the company's stock market

The company's 2018 annual financial report was issued by the central public accounting firm (special general partnership) with an inability to express its opinion on the audit report (public ring number (2019) 011762). According to the provisions of article 13.2.1 of the Shenzhen Stock Exchange Listing Rules, the company's stock has been implemented by the Shenzhen Stock Exchange since April 30, 2019.

According to article 14.1.1 of the stock listing rules of the Shenzhen stock exchange, the financial accounting report of the first accounting year is continued to be issued an audit report that can not express opinions or negative opinions as the audit opinion type touches upon the warning that the stock transaction is subject to the delisting risk under the provisions of article 13.2.1 (four) of this rule. The Shenzhen stock exchange has the right to suspend its stock. If the company's financial accounting report is issued in 2019, it will continue to be issued "negative or".

The Shenzhen stock exchange will suspend the stock of the company from the date of its 2019 annual report and make a decision whether to suspend the listing of the company's stock within fifteen trading days after the suspension.

Two, the reasons and risks that the company's stock may continue to be warned of the delisting risk is prompted by article 13.2.1 of the Stock Exchange Listing Rules of the Shenzhen Stock Exchange: "the net profit of the audited net profit in the last two fiscal years has been negative for a long time, or the net profit of the latest two fiscal year has been negative for a long time due to the retrospective restatement. The Shenzhen stock exchange has the right to withdraw its stock transaction. City risk warning. In view of the company's audited net profit in 2018 is negative, if the company's audited net profit in 2019 continues to be negative, the company's stock will be subject to a delisting risk warning.

Three, the company's board of directors and the main measures to be taken

1. In view of the matters that can not be expressed in the audit report of 2018, the company has taken various measures to solve it actively, eliminating the adverse effects and related risks brought by the matter to the company as soon as possible.

2, the company is constantly strengthening its operation and management, strengthening its internal control, improving its operational capacity and efficiency, strives to expand its business development space and strive to enhance its profitability.

3. According to article 14.1.9 of the stock listing rules of the Shenzhen stock exchange, if the listed company's net profit, net assets, business income or audit opinion type touches upon the risk of stock trading being delisted by the provisions of article 13.2.1 (1) to (four) of these rules, it is estimated that the shares of the first accounting year will be suspended if they are disclosed after the disclosure of the annual report of the first accounting year. The board of directors of the company shall issue the relevant risk warning notice that the stock may be suspended for the twenty trading days after the end of the fiscal year, and at least two risk warning announcements before the disclosure of the annual report, and the subsequent company will fulfill relevant information disclosure obligations in a timely manner.

Four, other matters

1, in January 22, 2020, the company disclosed the 2019 annual performance notice (public).

Notice number: No. 2020-14). It is expected that the operating performance in 2019 will be a loss. The net profit attributable to shareholders of Listed Companies in 2019 will be -70000 to -35000 million. The above data are initially calculated by the Finance Department of the company, without auditing by accounting firms, and the accurate and accurate financial data shall be based on the audited 2019 annual report officially disclosed by the company.

2, in January 22, 2020, the company published a notice of risk warning on the possibility of suspension of the company's stock in the designated information disclosure media (Bulletin number: 2020-15).

3, the company's designated information disclosure media are China Securities Daily, Shanghai Securities Daily, securities times, securities daily and www.cninfo.com.cn. All information of the company is based on the information disclosed in the above designated media. The vast number of investors should be invited to invest rationally and pay attention to investment risks.

Notice hereby

Gaosheng Cmi Holdings Ltd board of directors

Two O two O February 26th