*ST Gaosheng (000971): Major Asset Reorganization Project Involves Creditors' Notice And Capital Reduction Announcement Of Repurchase Cancellation Corresponding To Compensation Stock.

Stock Code: 000971 securities short: *ST, Gao Sheng Announcement No.: 2020-59

Gaosheng Cmi Holdings Ltd's major asset restructuring project involves repurchase cancellation corresponding to the compensation stock.

Creditors' notice and capital reduction notice

All members of the company and the board of Directors ensure that the contents of the announcement are true, accurate and complete, without false records, misleading statements or major omissions.

1. The basic situation of repurchase cancellation corresponding to the compensation stock.

Gaosheng Cmi Holdings Ltd (hereinafter referred to as the "company") held the forty-third meeting of the ninth board of directors and the seventeenth meeting of the nine supervisory board in April 27, 2020. In June 30, 2020, it held the 2019 annual general meeting of shareholders. It considered and adopted the repurchase and cancellation of Shanghai Ying Yue Network Technology Co., Ltd. in the year of 2019. Part of the bill.

According to the company's agreement with Yuan Jianing and Wang Yu on the prediction and compensation agreement for the issue of shares and the payment of assets purchased for cash, and the related supplementary agreements, the company will repurchase and cancel the shares of 32969408 shares held by Yuan Jianing and Wang Yu, the total performance of the company, with a total price of 1 yuan. For details, please see in April 29, 2020, the company disclosed the announcement on the repurchase cancellation of Shanghai Ying Yue science and Technology Co., Ltd. corresponding to the compensatory shares in 2019, on the designated information disclosure media (Bulletin number: 2020-34).

After the completion of the repurchase cancellation, the total number of shares of the company will be reduced by 32969408 shares, from the current 1055307925 shares to 1022338517 shares, and the registered capital of the company will be reduced from 1055307925 yuan to 1022338517 yuan.

The repurchase of the company's cancellation of shares will lead to a reduction in the registered capital. In accordance with the relevant laws and regulations of the People's Republic of China company law, the company hereby notifes the creditors that the creditor has the right to require the company to pay off debts or provide corresponding services within forty-five days from the date of this announcement.

Guarantee. If the creditor fails to exercise such rights within the prescribed time limit, the repurchase cancellation will continue to be carried out according to legal procedures. If a company creditor requests the company to repay debts or provide corresponding guarantees, it shall make written requests to the company in accordance with the relevant provisions of the laws and regulations of the People's Republic of China company law and attach relevant supporting documents.

Two. Materials required for claims declaration

A company creditor can hold the original and photocopy of the contract, agreement and other vouchers existing in proving the relationship between creditor and debtor, and declare it to the company. If a creditor is a legal person, he shall also carry a copy of the original business license and a copy of the legal person's identity document, and the other party's declaration. Besides the above documents, he shall also carry the original and duplicate copies of the power of attorney and the valid identity card of the agent. If the creditor is a natural person, the original and photocopy of the valid identity card shall be carried at the same time. Besides the above documents, the original and photocopy of the power of attorney and the valid identity document of the agent shall also be carried out.

Three. Specific ways of declaration of claims

The creditor may declare in the form of spot or by mail, and shall be declared by mail, and the date of declaration shall be posted on the date of postmark. The time of declaration is from July 8, 2020 to August 21, 2020. The daily contact time is from 9:00 to 12:00, and to the nearest one.

Declaration address: room 1101, 11 story, block A, building IFC, 8 Jianguo Wai Avenue, Chaoyang District, Beijing.

Postal Code: 100022

Contact: Li Wenxin

Contact number: 010-82602278

Notice hereby.

Gaosheng Cmi Holdings Ltd board two O two O July 7th