St Gaosheng (000971): Received Notice Of Assignment Of Creditor'S Rights And Letter Of Exemption Of Repayment Responsibility

Stock Code: 000971 stock abbreviation: St Gaosheng Announcement No.: 2021-65

Gaosheng Holding Co., Ltd. on receiving the notice of assignment of creditor's rights and letter of exemption of repayment liability

Announcement of

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

Gaosheng Holding Co., Ltd. (hereinafter referred to as "the company") recently received the notice of creditor's rights transfer from Beijing Bitian Wealth Investment Co., Ltd. (hereinafter referred to as "Bitian wealth") and two copies from Tianjin bairuoke Pharmaceutical Biotechnology Co., Ltd. (hereinafter referred to as "Tianjin bairuoke") which is the creditor of the company's illegal guarantee matters The letter of exemption of repayment responsibility is hereby announced as follows:

I. exemption of liability in Bitian wealth case

(1) background of the case

On April 24, 2017, Beijing Yuchi Ruide Investment Co., Ltd. (hereinafter referred to as "Yuchi Reid") signed a loan contract with Bitian fortune for a loan of RMB 100 million. The original actual controller of the company illegally used the official seal and signed the guarantee contract with Bitian wealth for the loan in the name of the company.

On August 2, 2018, the then chairman of the board of directors illegally used the official seal and sealed in the name of the company in the mediation agreement No. (2018) jingzhuzhongtiaozi No. 14003 issued by the mediation center of Beijing multi mediation Development Promotion Association, and the civil mediation document No. (2018) Jing 04 min Chu No. 396 issued by Beijing Fourth intermediate people's Court on August 11, 2018 Landing industry (Hubei) Co., Ltd. (hereinafter referred to as "landing industry") and the original actual controller and its related parties undertake the repayment principal and interest of about 65.5745 million yuan. As of

On the disclosure day of the announcement, the company expected the principal and interest to be about 79.4945 million yuan.

(2) transfer of creditor's rights

According to the notice on assignment of creditor's rights issued by Bitian wealth, Bitian fortune has signed the agreement on assignment of creditor's rights with Tianjin bairuoke. All the creditor's rights of the company based on the above civil mediation agreement have been transferred to Tianjin bairuoke according to law, and other rights related to the transfer of debt right are also transferred.

(3) main contents of the letter of release of guarantee and repayment liability

Tianjin bairuoke sent the company the letter of exemption from guarantee and repayment liability concerning the original Bitian wealth case, and agreed to exempt the company from the repayment and related compensation liability in the above civil mediation statement, and to exempt the company from the guarantee liability in the above guarantee contract. As of the date of this letter, Tianjin bairuoke waives any right to claim against the company in respect of the above creditor's rights.

This exemption of liability to the company is a unilateral and irreversible decision of Tianjin prooc, without any additional conditions and without any commitment of the company. It will take effect from the date of issuing this letter.

2. Exemption from liability in the original Zhu Kaibo case

(1) background of the case

On January 9, 2018, the then chairman of the company illegally used the seal, so that the company and Yuchi reed, Lanting industry, Beijing Huaxi Yunyou Cultural Industry Co., Ltd. and Wei Junkang signed the maximum guaranteed loan contract with Zhu Kaibo. The loan contract agreed that the loan amount was 25 million yuan, and the actual user of the loan was yuchired.

Hangzhou intermediate people's Court issued (2018) ZH01 minchu No. 1520 civil judgment in 2020, ruling that the loan contract involved in Zhu Kaibo case was invalid, but the company should bear the liability for repayment and related losses. After the company appealed, Zhejiang Higher People's Court issued (2020) zmz No. 645 civil judgment, which ruled that the company and relevant parties should return Zhu Kaibo's loan principal of RMB 13128200 and pay relevant interest and compensation.

In September 2021, the company received the notice of assignment of creditor's rights from Zhu Kaibo

The relevant creditor's rights have been transferred to Tianjin bairuoke. For details, please refer to the notice on the change of creditors of the company (No. 2021-63) issued by the company on CNKI.

(2) main contents of the letter of exemption from repayment liability

Tianjin bairuoke sent the company the letter of exemption of repayment liability on the original Zhu Kaibo case, exempting the company from the repayment and related compensation liabilities in the civil judgment (2020) zminzhong No. 645 issued by Zhejiang Higher People's court and (2018) ZH01 minchu No. 1520 civil judgment issued by Hangzhou intermediate people's court, and at the same time, the company was exempted from the loan receipt and the civil judgment No. 1520 issued by Hangzhou intermediate people's court As of the date of this letter, Tianjin bairuoke waives any right to claim against the company for the above creditor's rights.

This exemption of liability to the company is a unilateral and irreversible decision of Tianjin prooc, without any additional conditions and without any commitment of the company. It will take effect from the date of issuing this letter.

III. impact on the company

In the above two cases, the company's guarantee, repayment and related compensation liability exemption will reduce the company's external debt and corresponding repayment risk, and promote the further resolution of illegal guarantee and joint loan matters. According to the above liability exemption letter, the company will offset the accrued principal and interest and other estimated liabilities accordingly, and the specific accounting treatment shall be subject to the audit opinion of the company's annual audit accountant. The company will take corresponding measures according to the follow-up progress and fulfill the corresponding information disclosure obligations in accordance with the requirements of laws and regulations.

The information disclosure media designated by the company are China Securities Journal, Shanghai Securities Journal, securities times, securities daily and www.cninfo.com.cn. All information of the company is subject to the announcement published by the company in the above media. Please pay attention to the relevant announcement and pay attention to the investment risk.

It is hereby announced.

Board of directors of Gaosheng Holding Co., Ltd

October 15, 2012