*St Gaosheng (000971): It Is Proposed To Change The Purpose Of Remaining Raised Funds Of RMB 70 Million To Permanent Supplementary Working Capital

According to the announcement of St Gaosheng (000971. SZ) on July 27, 2020, the 47th meeting of the 9th board of directors and the 21st Meeting of the 9th board of supervisors held by the company on July 24, 2020 respectively deliberated and passed the proposal on changing the use of part of the raised funds for permanent supplement of working capital. The company plans to adjust the investment amount of raised funds for Shenzhen Yantian phase II data center project from 172 million yuan to 102 million yuan, and make a permanent supplement to the working capital with the remaining raised funds of 70 million yuan. The change amount of the raised project accounts for 6% of the total amount of the raised funds. The change does not involve new projects, and this matter does not constitute a connected transaction. The independent directors and financial consultants of the company have expressed their agreed opinions, and the matter shall be submitted to the general meeting of shareholders for deliberation and approval before implementation.