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*St Carey (002072): The Development Of The Dispute Over The Liability Of Securities Misrepresentation

2021/6/23 11:57:00 75

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*St Carey Kairui German Cotton Shares Textile Stocks The Latest Announcement

Progress announcement of Kairui Holding Co., Ltd. on the dispute of Securities Misrepresentation liability

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.

Recently, kairuide Holding Co., Ltd. (hereinafter referred to as "the company" or "Kairui company") has received the civil ruling of Xu Cuicui case (case No. (2021) luminzhong No. 731), Guo Changjiang case (case No. (2021) luminzhong No. 734) and Wang Huan case (case No. (2021) luminzhong No. 736) served by Shandong Higher People's court, The company ruled to cancel the judgment made by Jinan Intermediate People's Court of Shandong Province (hereinafter referred to as "Jinan Intermediate Court" or "court of first instance"), and the company should bear compensation liability to Xu Cuicui, Guo Changjiang and Wang Huan, and send the above case back to Jinan Intermediate Court for retrial. The relevant information is hereby announced as follows:

1、 Basic information of the case

The company was sued by shareholders Xu Cuicui, Guo Changjiang and Wang Huan to the court for early information disclosure. In September 2020, Jinan Intermediate People's court made (2020) lu01 minchu No. 848, 849, 852 civil judgments, and ordered the company to compensate Xu Cuicui, Guo Changjiang and Wang Huan with 15410.38 yuan, 37196.08 yuan and 18078.13 yuan respectively. The company refused to accept the above judgment of Jinan Intermediate People's court, and filed an appeal to Shandong Higher People's court in October 2020. In June 2021, Shandong Higher People's court made (2021) luminzhong 731

No. 734 and No. 736 "civil ruling", on the ground that the basic facts are not clear, ordered to cancel the civil judgments (No. 848, 849, 852) of Shandong Jinan Intermediate People's Court (2020); The case was sent back to Jinan Intermediate People's Court of Shandong Province for retrial. The specific content is the same as (2021) LMZ 741, 838 "civil ruling".

2、 Progress of Other Securities Misrepresentation liability disputes

Serial number	The other party	Case number	Amount of prosecution (10000 yuan)	Competent court	Current progress
one	Qi Mingqiao	(2021) luminzhong no.741	four point six	Shandong high court	The higher people's Court of Shandong Province has ruled to remand.
two	Hans	(2021) luminzhong 838	four point four three	Shandong high court	The higher people's Court of Shandong Province has ruled to remand.
three	Zhang Xiaorong	(2021) E01 No.10 of the early Republic of China	two hundred and sixty-three point seven six	Wuhan middle courtyard	Opened on March 17, 2021

four	Dong Xiaoyong	(2021) E01 No.11 of the Republic of China	five hundred and thirty-five point one four	Wuhan middle courtyard	The court has not yet received the judgment document of the court.
five	Zong Chenglong	(2021) E01 No.12 of the Republic of China	six point nine two	Wuhan middle courtyard
six	Pandani	(2021) E01 No.111 of minchu	seventy-six point seven five	Wuhan middle courtyard
seven	Wu Zhenhong	(2021) E01 No.25, minchu	two hundred and fifty-seven point three	Wuhan middle courtyard
eight	Zhou Hongdan	(2020) E01 minchu no.991	one point one two	Wuhan middle courtyard	The trial will be held on June 29, 2021.
nine	Liu Ruobing	(2020) E01 minchu no.992	four point zero eight	Wuhan middle courtyard
ten	Shen Jianqing	(2020) E01 minchu no.993	six point one one	Wuhan middle courtyard
eleven	Li Xiaohong	(2020) E01 minchu no.994	zero point two two	Wuhan middle courtyard
twelve	Li Taiqi	(2020) E01 minchu no.995	four point four two	Wuhan middle courtyard
thirteen	Hao Wangping	(2020) E01 minchu no.996	three point zero three	Wuhan middle courtyard
fourteen	LV Jinghua	(2020) E01 minchu no.997	zero point six	Wuhan middle courtyard
fifteen	Ren Feng	(2020) E01 minchu no.998	one point two three	Wuhan middle courtyard
sixteen	Li Qinxian	(2020) E01 minchu No.999	zero point five four	Wuhan middle courtyard
seventeen	Zhao Zengfeng	(2020) E01 minchu No.1000	zero point nine six	Wuhan middle courtyard
eighteen	Gu Aiping	(2021) E01 no.440	five point three three	Wuhan middle courtyard

For details, please refer to the announcement on Securities Misrepresentation liability dispute cases (Announcement No.: 2021-l034), progress announcement on major litigation matters (Announcement No.: 2021-l054) and progress announcement on Securities Misrepresentation liability disputes (Announcement No.: 2021-l055) disclosed by the company on CNKI.

3、 Possible impact on current or future profits of the company

In view of the fact that none of the above cases have formed a final judgment, the impact on the current and future profits should be determined in combination with the trial and judgment of the case. The company will timely fulfill the obligation of information disclosure according to the progress, and please pay attention to the investment risk of investors.

4、 Documents for reference

1. Shandong Higher People's Court (2021) luminzhong 731, 734, 736 civil ruling.

It is hereby announced

Board of directors of Kairui Holding Co., Ltd

June 23, 2021