*ST Kerry (002072): There Are Second Risk Prompts For Stocks Being Suspended.

Kerid Cmi Holdings Ltd's second risk warning notice on stock being suspended

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. The key points are:

Kerid Cmi Holdings Ltd (hereinafter referred to as the "company") reported negative net profit in 2017 and 2018, and negative net assets in the 2018 audited year. The 2018 financial report was issued an audit report that could not be expressed. According to the relevant rules of the Shenzhen Stock Exchange Listing Rules (hereinafter referred to as the "Listing Rules"), if the company is 2019 Annual audited net profit will continue to be negative or net assets will continue to be negative or financial accounting reports will continue to be issued an audit report which can not express opinions or negative opinions. The Shenzhen stock exchange may suspend the listing of the company's stock. We invite investors to pay attention to investment risk.

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

In accordance with the relevant provisions of article 13.2.1 (1) of the listing rules, the Shenzhen stock exchange has implemented special handling of the "delisting risk warning" in May 6, 2019 on the following occasions:

1. The net profit of audited companies in 2017 and 2018 in two fiscal years is negative.

2. The final net assets of the company in 2018 are negative.

3, the CPA firm (special general partnership) issued an audit report which failed to express its views on the company's 2018 financial report.

According to the relevant provisions of article 14.1.1 (1) of the listing rules, if the company continues to have one of the following situations in 2019: 1, the audited net profit will continue to be negative; 2, the net assets of the audited end will continue to be negative; 3, the financial accounting report will continue to be issued an audit report which can not express opinions or negates opinions. The Shenzhen stock exchange will suspend the stock of the company from the date of the company's annual report 2019, and decide whether to suspend the listing of the company's stock within 15 trading days after the suspension.

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

1. enhance the company's ability to continue operation. The company is actively developing the coal trading business and has achieved operating income of about 70000000 yuan in the first three quarters. In addition, the company has been awarded the property of Long Zhi at the end of 2019.

98.9% of the equity assets, the assets can be rented annually through property leasing, the facts of the above measures.

It has a positive impact on the enhancement of the company's sustainable management capability.

2. improve the company's financial position. The company has recovered its performance compensation from its original shareholder, Beijing Erli, has reached a debt settlement with some creditors, and has been awarded the property at the end of 2019.

98.9% of the equity assets, the facts of the above measures have a positive impact on the improvement of the company's financial position.

3. actively promote the filing of inspection items and make substantive progress. In 2016 and 2017, two companies were filed with the CSRC for examination, and the case was closed, and the administrative penalty decision (No. 2019) 119 was obtained. The other one has already obtained the advance notice of administrative penalty and market entry Prohibition (serial number: Penal word [2019] 114). According to the cognizance facts of the administrative penalty decision and the prior notice of administrative penalty and market entry prohibition, the company's illegal activities do not touch the provisions of article 13.2.1 (seven) to (nine) of the stock listing rules of the Shenzhen stock exchange, and the major illegal delisting measures stipulated in second, Fourth and fifth provisions of the listed companies' major enforcement measures for compulsory delisting. Shape.

Three, other related instructions

1. in February 2, 2020, the company announced in a designated media the "suggestive notice on the risk of stock being suspended from listing" (Bulletin number: 2020-L008).

2. all the measures taken by the above-mentioned companies and the board of directors have been disclosed in the Shanghai securities news, China Securities Daily, the securities times and the www.cninfo.com.cn. We invite the majority of investors to make prudent decisions and pay attention to investment risks.

Notice hereby

Kerid Cmi Holdings Ltd board of directors

April 8, 2020