*ST Gaosheng (000971): Abnormal Fluctuations In Stock Trading

Stock Code: 000971 securities short: *ST, Gao Sheng Announcement No.: 2019-131

Gaosheng Cmi Holdings Ltd stock trading abnormal fluctuation announcement

All members of the company and the board of directors guarantee that the contents of the information disclosure are true, accurate and complete, without false records, misleading statements or major omissions.

I. Introduction of abnormal fluctuations in stock transactions

Gaosheng Cmi Holdings Ltd (hereinafter referred to as "company") stock (Stock Code:

000971, securities short: *ST Gaosheng) on December 26, 2019, 27, and 30, three consecutive trading days, the closing price rises deviated from the value reached the "Shenzhen stock exchange rules" on the abnormal fluctuation of stock trading provisions, which is abnormal fluctuations in stock transactions.

Two, the company concerned and verified the relevant situation.

In view of the abnormal fluctuation of the company's stock price, the company's board of directors is concerned, consulted, checked and verified.

There is no need for correction and complements in the information disclosed by the company in the early stage; no public information has been reported on the recent public media that may have or has had a significant impact on the stock trading price of the company. Recently, the company's operating conditions and internal and external business environment do not exist or are expected to undergo major changes. There are no major issues that should be disclosed by the company, major shareholders or actual controllers, or important matters in the planning stage. During the abnormal fluctuation of stock trading, there is no stock trading situation between major shareholders and actual controllers.

Three. Is there a description of information that should be disclosed without disclosing information?

The board of directors of the company has further verified that the company does not currently have any disclosures that are not disclosed in accordance with the relevant provisions of the Shenzhen Stock Exchange Listing Rules, or the planning, negotiation, intention and agreement related to the matter.

There are information that should be disclosed in accordance with the relevant provisions of the Shenzhen Stock Exchange Listing Rules and have no significant effect on the stock price of the company.

Four. Risk warning that listed companies consider necessary.

(1) major risk prompts

In 1 and December 24, 2019, the company received the "administrative penalty decision" issued by the Hubei Supervision Bureau of the China Securities Regulatory Commission. Wei Zhenyu, the company's actual controller, received the "market entry prohibition" issued by the Hubei Regulatory Commission of the China Securities Regulatory Commission. The company's illegal activities involved in the above administrative penalty decision did not touch on the provisions of the second, fourth and fifth provisions of the Shenzhen stock exchange's enforcement measures for major illegal delisting measures, as well as the mandatory delisting of major offenders under section 13.2.1 (eight) to ten of the Listing Rules of the stock exchange of Shenzhen stock exchange. For details, see the announcement of the "administrative penalty decision" and relevant documents issued by the Hubei Regulatory Commission of the China Securities Regulatory Commission (Announcement No. 2019-128) in December 26, 2019 on the designated information disclosure media.

2, as of now, the progress of the company's handling of illegal guarantee matters is as follows: first, according to the "civil judgment issued by the fourth intermediate people's Court of Beijing" and the announcement of litigation progress (Announcement No. 2019-119) issued by the company in December 9, 2019, according to the "civil judgment" issued by Beijing NO.4 middle court (2019) Beijing 04 early Republic of China 435, the Zhejiang Zhongtai Chuang Exhibition Management Co., Ltd. (hereinafter referred to as "Zhongtai Chuang Exhibition") requested Gao Sheng to hold the claim of unlimited liability for the contract of loan between China and Thailand and the blue loan industry (Hubei) Co., Ltd. If the guaranty contract is null and void, the people's court shall not support the civil liability of the Sino Thai company's request for the company to bear the invalidation of the contract. This judgment is the first instance judgment, the company will continue to pay attention to the follow-up progress, and fulfill the obligation of information disclosure in time in accordance with the relevant provisions.

Two, according to the announcement of the Huaxian people's Court of Henan province that the wholly owned subsidiary has been frozen and deducted funds and litigation progress (Announcement No. 2019-129) disclosed by the company in December 27, 2019, the company's real controller has returned the loan principal and interest to the Huaxian court. Gaosheng technology confirmed that its bank account had received RMB 9614000 yuan from the Huaxian people's Court of Henan province. In addition, other irregularities are still being actively resolved, and the impact on the company's current profits or future profits is uncertain. The company will continue to follow up the progress of related matters and fulfill the obligation of information disclosure in a timely manner.

(two) after further self-examination, the board of directors of the company confirmed that there was no violation of information fair disclosure.

(three) the company's designated media for information disclosure is China Securities Journal and Shanghai Securities Journal.

The securities times, the Securities Daily and the www.cninfo.com.cn, all the information of the company is based on the information published in the above designated media. Investors are invited to invest rationally and pay attention to risks.

Notice hereby

Gaosheng Cmi Holdings Ltd board of directors

Two O 19 December 30th