*St Carey (002072): Abnormal Volatility In Stock Trading

Announcement on abnormal fluctuation of stock trading of Kairui Holding Co., Ltd

The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions in the announcement.

1. Abnormal fluctuation of stock trading

Kairuide Holding Co., Ltd. (hereinafter referred to as "the company") shares closed for three consecutive trading days (March 19, 2021, March 22, 2021, March 23, 2021) deviation value accumulated to 12%. According to the relevant provisions of Shenzhen Stock Exchange, it belongs to abnormal stock trading fluctuation.

2. The company pays attention to and verifies relevant information

According to the requirements of relevant regulations, the company has carried out necessary verification, and the verification situation is as follows:

1. There is no need to correct or supplement the information recently disclosed by the company.

2. The company has not found any unpublished major information reported by the public media that may or has had a great impact on the stock trading price of the company.

3. The company's recent business situation is normal, and the internal and external business environment has not changed significantly.

4. The company does not have other major matters that should be disclosed but not disclosed about the company, and there are no other major matters in the planning stage.

5. After verification, the company's first largest shareholder and its persons acting in concert do not have major events about the company that should be disclosed but not disclosed, or major asset purchase, change of controlling shareholder, major contract, etc. which have a significant impact on the company's stock price, and there is no case of buying and selling the company's stock during the abnormal fluctuation of the company's stock.

3. Whether there is any information that should be disclosed but not disclosed

The board of directors of the company confirmed that the company did not disclose any matters that should be disclosed according to the Listing Rules of Shenzhen Stock Exchange, or the planning, negotiation, intention, agreement, etc. related to the matter; the board of directors also failed to obtain the information that the company should disclose according to the provisions of the Shenzhen Stock Exchange Stock Listing Rules but did not disclose to the company There is no need to correct and supplement the information disclosed by the company in the early stage; the company does not violate the principle of fair information disclosure.

4、 Risk tips

1. At present, the creditors have submitted the reorganization application to the court. Whether the application can be accepted by the court and whether the company will enter the reorganization procedure is still uncertain. No matter whether it enters the reorganization procedure or not, the company will actively do a good job in the daily operation and management work on the existing basis. If the court formally accepts the reorganization application of the company, according to article 14.4.1 of the Listing Rules of Shenzhen Stock Exchange: "in case of any of the following circumstances of a listed company, the stock exchange shall issue delisting risk warning for its stock trading: (7) the court shall accept the application for company reorganization, settlement or bankruptcy liquidation in accordance with the law," the company's shares may be superimposed with delisting risk warning It is shown that. If the court formally accepts the reorganization application of the company, and the company successfully implements the reorganization and completes the reorganization plan, it will help to improve the company's assets, liabilities and operating conditions, and promote the company to return to the track of sustainable development; if it can not be implemented smoothly, the company will have the risk of being declared bankrupt and listing terminated.

2. The company solemnly reminds investors that China Securities Journal, securities times and www.cninfo.com.cn are the media for information disclosure of the company. All information of the company shall be subject to the official announcement published by the company in the above designated media.

The company will, in strict accordance with the provisions and requirements of relevant laws and regulations, do a good job in information disclosure in a timely manner, and invite investors to invest rationally and pay attention to investment risks.

It is hereby announced

Board of directors of Kairui Holding Co., Ltd

March 24, 2021