*ST Gaosheng (000971): Progress Of Investigation And Risk Warning

Stock Code: 000971 securities short: *ST, Gao Sheng Announcement No.: 2019-55

Gaosheng Cmi Holdings Ltd's announcement on progress of investigation and risk warning

All members of the company and the board of Directors ensure that the contents of the announcement are true, accurate and complete without any false record.

Misleading statements or major omissions.

The key point is that the company is being investigated by the China Securities Regulatory Commission for its alleged violation of information disclosure.

If the company touches on the illegal issuance or disclosure of major information under article 13.2.1 of the Shenzhen Stock Exchange Listing Rules, the company's shares may be suspended from listing on the Shenzhen stock exchange, so investors should pay attention to investment risks.

I. progress in case investigation

Gaosheng Cmi Holdings Ltd (hereinafter referred to as "company") received the notice of investigation of China Securities Regulatory Commission (hereinafter referred to as "China Securities Regulatory Commission") in September 27, 2018 (serial number: 201861).

In accordance with the relevant provisions of the securities law of the People's Republic of China, the CSRC decided to file a case investigation on the company because of the company's alleged illegal disclosure of information.

For details, please refer to the notice on receipt of the investigation notice of the China Securities Regulatory Commission (CSRC) published by the company on September 28, 2018 in the designated information disclosure media (Announcement No.:

Number 2018-97), and published in October 27, 2018, November 27, 2018, December 27, 2018, January 26, 2019, February 27, 2019, March 27, 2019 and March 27, 2019, "announcement on progress of investigation and risk warning" (Bulletin number: 2018-112), announcement on progress of investigation and risk warning (Bulletin number: 2018-126), announcement on progress of investigation and risk warning (Bulletin number: 2018-136), "progress and risk of filing investigation items"

Notice of announcement (Bulletin number: 2019-08), "notice on progress of investigation and risk warning" (Bulletin number: 2019-18), bulletin on progress of investigation and risk warning (Bulletin number: 2019-25), bulletin on progress of investigation and risk warning on criminal cases (Bulletin number: 2019-44).

The company is actively cooperate with the investigation, as of the announcement date, the company has not yet received the CSRC's concluding investigation opinion or related progress documents.

According to the stock listing rules of the Shenzhen stock exchange, if the company touches on the mandatory delisting of major offense under article 13.2.1, the company's stock trading will be subject to a delisting risk warning.

The implementation of delisting risk warning thirty trading date after the expiration of the date of the first trading day, the company's shares will be suspended until the Shenzhen stock exchange in the fifteen trading days after the suspension to make a decision whether to suspend the listing of the company's shares.

During the investigation period, the company will actively cooperate with the CSRC's investigation work and fulfill its information disclosure obligations in accordance with the relevant regulations and regulatory requirements of the Shenzhen Stock Exchange Listing Rules. At least once a month, Risk Disclosure Notice will be issued.

Two, risk warning

1, at present, the existence of illegal foreign guarantee and joint loan matters has constituted the conditions stipulated in article 13.3.1 and 13.3.2 of the Shenzhen Stock Exchange Listing Rules of the Shenzhen stock exchange. The company will continue to urge relevant parties to accept the violation guarantee as soon as possible to pay their debts, and strive to properly handle and remove the above violations as soon as possible through the normal legal channels.

2, the central public accounting firm (special general partnership) hired by the company has audited the company's financial statements for the year 2018, and issued the public key words (2019) No. 011762, "audit report".

According to the regulations on the disclosure of company information disclosure No. fourteenth of the public offering of securities, non-standard unreserved opinions and the handling of related matters, and the rules for the listing of shares on the Shenzhen stock exchange, the company's stock has been warned of delisting risks since April 30, 2019.

3. The information disclosure media designated by the company are China Securities Journal and Shanghai Securities Daily.

"Securities Times", "Securities Daily" and "www.cninfo.com.cn", all the information of the company is based on the notice published by the company in the above media.

We invite investors to pay close attention to investment risks.

Notice hereby

Gaosheng Cmi Holdings Ltd board of directors

Two O 19 May 27th