Jin Yu Che Cheng (000803): Progress After Disclosure Of Major Asset Reorganization Plan

Sichuan Jinyu Motor City (Group) Limited by Share Ltd announcements of progress after disclosure of major asset restructuring plans

The Jin Yu Motor City (Group) Limited by Share Ltd of Sichuan (hereinafter referred to as "company", "listed company" or "Jin Yu car city") has applied for the issue of shares and payment of cash to purchase assets. The company has applied to the Shenzhen stock exchange. The company's stock has been suspended since the opening of the morning of October 24, 2019. Details of the company's disclosure of the suspension notice on the issue of the purchase of assets in the issue of shares issued by the company on the designated information disclosure website such as the giant tide information network (Bulletin number: 2019-109). In November 4, 2019, the company held the third meeting of the tenth board of directors to consider and adopt the relevant motion of "Sichuan Jinyu Motor City (Group) Limited by Share Ltd issue shares and pay cash to purchase assets and raise matching funds and related transactions plan" and its summary, and published relevant announcements in the designated media. Upon application to the Shenzhen stock exchange, the company's stock resumed on November 6, 2019. The progress of major asset reorganization is disclosed as follows:

I. progress in major asset reorganization

Since the disclosure of the major asset reorganization plan, the company and the relevant parties have actively promoted the work of this major asset reorganization. As of the date of this announcement, the audit, assessment and due diligence work of the target company involved in the major asset reorganization has not yet been completed. After the completion of the relevant work, the company will convene the board of directors to deliberate on the formal plan of the major asset reorganization, disclose the reorganization report, and carry out the follow-up approval and information disclosure procedures in accordance with the relevant laws and regulations.

The major asset reorganization matters need to be considered again by the board of directors and the shareholders' meeting of the company. With the approval of the China Securities Regulatory Commission, there is uncertainty about whether the above approval can be obtained and the time of final approval.

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.

We invite investors to pay attention to investment risk.

Two. Special tips

(1) as of the date of announcement of this announcement, the company has not yet found any related matters that may cause the company's board of directors or the major asset reorganization transaction to cancel or terminate this major asset reorganization plan or make substantial changes to the major asset reorganization plan.

(two) the company will carry out subsequent information disclosure procedures in accordance with the relevant laws and regulations, and issue a major announcement on the progress of major asset reorganization every thirty days before the notice of shareholders' meeting has been issued before considering the company's major asset reorganization.

(three) in November 6, 2019, Sichuan's Jinyu Automobile City (Group) Limited by Share Ltd issued shares and paid cash to purchase assets and raised matching funds and related transactions plan. The related risk factors and the examination and approval procedures that need to be fulfilled in this major asset reorganization have been explained in detail, so that investors can read the relevant contents carefully and pay attention to investment risks.

In view of the uncertainty in the major asset reorganization of the company, investors are invited to pay attention to the company's subsequent announcements and pay attention to investment risks.

Notice hereby.

Sichuan Jinyu Automobile City (Group) Limited by Share Ltd

Board of directors December 5, 2019