St Gaosheng (000971): Implementation Progress Of Commitments

Stock Code: 000971 stock abbreviation: St Gaosheng Announcement No.: 2021-49

About the actual controller, chairman, director and senior management of Gaosheng Holding Co., Ltd

Announcement on progress of performance of commitments

Mr. Zhang Dai, the actual controller and chairman of the company, and Mr. Yuan Jianing, director and senior management of the company, guarantee that the information provided to the company is true, accurate and complete, and there are no false records, misleading statements or major omissions. The company and all members of the board of directors guarantee that the contents of the announcement are consistent with the information provided by the information disclosure obligors.

1、 Overview of commitments

On June 18, July 6 and July 22, 2021, Gaosheng Holding Co., Ltd. (hereinafter referred to as "the company") issued the announcement on the letter of commitment issued by the actual controller, chairman, director and senior management of the company (No. 2021-35), and the notice on the actual controller, chairman and director of the company, and Announcement on the progress of the implementation of the commitments made by senior managers (no.2021-40 and no.2021-44), the company's subsidiary Shanghai yingyue Network Technology Co., Ltd. has not fulfilled the performance commitment profit in 2019. Yuan Jianing has not yet compensated the company for the shares held by him. Mr. Yuan Jianing, director and senior manager of the company, and Mr. Zhang Dai, the actual controller and chairman of the company, made the following commitments on June 17, 2021:

(1) commitment of Mr. Yuan Jianing

"1. I promise to release the stock pledge and compensate the company for the stock after the release of the pledge. If it cannot be realized, I will purchase another 26251609 shares of the company to compensate the company;

2. I promise to realize the repurchase and cancellation of 26251609 shares of my compensation shares within three months, and I will unconditionally cooperate with the company to handle the repurchase and cancellation procedures of the above shares.

This undertaking is irrevocable and binding upon me as of the date of signing,

If I violate the above commitment, I will bear the legal liability arising therefrom in accordance with the law. "

(2) commitment of Mr. Zhang Dai

"1. I am willing to provide guarantee with the company's shares and personal assets directly or indirectly held by myself: if yuan Jianing can not release the pledge after three months, I will use my own assets to perform the share compensation obligations to the company for yuan Jianing;

2. I promise to realize the repurchase and cancellation of 26251609 shares of Yuan Jianing's shares to be compensated by the company within three months. As the guarantor, I will negotiate with Yuan Jianing to compensate for the economic losses incurred due to the performance of the above guarantee.

This undertaking is an irrevocable undertaking, which shall be binding on me as of the date of signing. If I violate the above commitment, I will bear the legal liability arising therefrom in accordance with the law. "

For details, please refer to the relevant announcements published by the company on June 18, 2021 in securities times, China Securities Journal, Shanghai Securities Journal, securities daily and www.cninfo.com.cn.

II. Progress in the implementation of commitments

Upon inquiry, up to now, Mr. Yuan Jianing has been actively raising funds and will try to remove the pledge status of the shares or purchase the company's shares as soon as possible. Mr. Zhang Dai has repeatedly urged Mr. Yuan Jianing to fulfill his stock compensation obligations as soon as possible, and is assisting Mr. Yuan Jianing in raising the required funds.

The company will continue to pay attention to the performance of the above commitment letter, and timely fulfill the information disclosure obligations in accordance with relevant provisions.

The company solemnly reminds investors that the information disclosure media designated by the company are China Securities Journal, Shanghai Securities News, securities times, securities daily and www.cninfo.com.cn. All information of the company is subject to the company's announcement published in the above media. Investors are requested to invest rationally and pay attention to investment risks.

It is hereby announced.

Board of directors of Gaosheng Holding Co., Ltd

August 9, 2001