St Gaosheng (000971): Announcement (Series)

Stock Code: 000971 stock abbreviation: St Gaosheng Announcement No.: 2021-50

Gaosheng Holding Co., Ltd

Announcement on the progress of selling equity of subsidiary

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.

I. Basic information on the sale of equity of subsidiaries

Gaosheng Holding Co., Ltd. (hereinafter referred to as "the company") held the 58th meeting of the 9th board of directors on July 22, 2021, deliberated and passed the proposal on selling 100% equity of Shanghai Gaosheng Data System Co., Ltd. The company and its wholly-owned subsidiary Shanghai Gaosheng Data System Co., Ltd. (hereinafter referred to as "Shanghai gaoshu") and Shanghai worldlink Technology Co., Ltd. (hereinafter referred to as "Shanghai World Union") signed the equity transfer agreement, transferring 100% equity of Shanghai gaoshu held by the company, with the transaction consideration of RMB 130 million. For details, please refer to the announcement on selling equity of subsidiaries (Announcement No.: 2021-46) disclosed by the company on Jul. 24, 2021.

2、 Transaction progress

As of the disclosure date of this announcement, the company has received the down payment of 65 million yuan from Shanghai World Union. According to the equity transfer agreement, the company has recently completed the first on-site document handover of this transaction with Shanghai World Union, and the company has completed the first delivery and post delivery obligations according to the contract. Shanghai gaoshu has signed the chattel mortgage contract with Shanghai World Union, the transferee, to mortgage the relevant machinery and equipment to Shanghai World Union as a guarantee for fulfilling all obligations, responsibilities, representations and guarantees in the transfer agreement. The term of validity of the mortgage is one year.

3、 Risk tips

At present, Shanghai's high-end equity is in the freezing state. If the company fails to lift the judicial freeze of the equity in time according to the requirements of the transaction agreement, the company shall pay corresponding compensation for breach of contract and bear other adverse consequences as agreed in the agreement. If the agreement is affected by other unpredictable or force majeure factors during the performance of the agreement, there may be a risk that the agreement can not be fully performed or terminated.

According to the follow-up progress of relevant matters, the company will perform the corresponding decision-making procedures and information disclosure obligations in accordance with the law.

It is hereby announced.

Board of directors of Gaosheng Holding Co., Ltd

August 11, 2001

Stock Code: 000971 stock abbreviation: St Gaosheng Announcement No.: 2021-51

Gaosheng Holding Co., Ltd

Announcement on the progress of arbitration cases involved in the company

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.

1、 Basic information of the case

Because the chairman of Gaosheng Holding Co., Ltd. (hereinafter referred to as "the company") illegally used the company's official seal, he was the second largest shareholder of the company in the name of the company without the approval of the company's internal process Landing industry (Hubei) Co., Ltd. (hereinafter referred to as "landing industry") and Shenzhen Qianhai gaosouyi Investment Management Co., Ltd. (hereinafter referred to as "gaosouyi") signed a guarantee contract for the loan. Gao souyi filed an arbitration with Shenzhen International Arbitration Court on the relevant matters of the guarantee contract. The company is one of the respondent, and the amount of the subject matter is about 536.81 million yuan. Shenzhen International Arbitration Court has decided to accept the case on December 3, 2020.

On August 20, 2018, January 26, 2019, June 22, 2019, January 14, 2020, December 10, 2020 and May 11, 2021, the company has disclosed the announcement on reply to the attention letter of Shenzhen Stock Exchange (Announcement No.: 2018-89), about the freezing of major shareholders' shares and the company's illegal guarantee, on the designated media on August 20, 2018, January 26, 2019, June 22, 2019, January 14, 2020, December 10, 2020 and May 11, 2021 Announcement on progress of fund occupation (No "Notice on receiving the civil ruling of the first intermediate people's Court of Beijing" (No. 2021-25), and disclosed the matter in the periodic report.

2. Progress of the arbitration

Recently, the company received the notice of suspension of arbitration proceedings (2020) No. 5326-17 of Shenzhen International Arbitration Court. As the arbitration result of another case submitted by the applicant Gao souyi as evidence needs to be confirmed, Gao souyi applied to suspend the arbitration hearing of this case temporarily and resume the trial after the relevant case has made an effective judgment document. The arbitration tribunal of Shenzhen International Arbitration Court decided to suspend the arbitration proceedings in this case, and the hearing originally scheduled for August 12, 2021 was cancelled.

3. Does the company have any other litigation and arbitration matters that have not been disclosed

As of the date of this announcement, the company and its wholly-owned subsidiaries have no other litigation and arbitration matters that should be disclosed but have not been disclosed.

4. The impact of this arbitration case on the current or future profits of the company

As the above notice of arbitration case is not the final result of the award, the suspension of arbitration is not expected to have a significant impact on the current or future profits of the company. The company will actively respond to the above-mentioned arbitration cases and actively safeguard the legitimate rights and interests of the company through legal procedures. The company will also continue to pay attention to the follow-up progress, and timely fulfill the obligation of information disclosure in accordance with the relevant provisions. Please pay attention to the investment risk of the majority of investors.

It is hereby announced.

Board of directors of Gaosheng Holding Co., Ltd

August 11, 2001

Stock Code: 000971 stock abbreviation: St Gaosheng Announcement No.: 2021-52

Gaosheng Holding Co., Ltd

The company's second largest shareholder, Lanting Industrial (Hubei) Co., Ltd., has been auctioned

Progress announcement

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.

I. Basic information of the auction

Gaosheng Holding Co., Ltd. (hereinafter referred to as "the company") disclosed the announcement on the progress of auction of shares held by landing Industrial (Hubei) Co., Ltd., the second largest shareholder of the company (No. 2021-43), on July 22, 2021, After the manager of landing industry (Hubei) Co., Ltd. (hereinafter referred to as "landing industry"), the second largest shareholder of the company, submitted to the people's Court of Xiantao City, Hubei Province for examination and approval, From 10:00 a.m. on August 9, 2021 to 10:00 a.m. on August 10, 2021, auction bankruptcy forced clearing platform on alibaba.com（ https://susong.taobao.com ）The second overall public auction of all shares held by landing industry was conducted. The number of shares to be auctioned of landing industry is 90178582, accounting for 8.60% of the total share capital of the company.

2. Progress of the auction

The auction has been carried out on schedule. According to the auction results displayed on the auction page of taobao.com, as of the end of the auction, no bidder has signed up to participate in the auction, and the auction is in a flow.

The matter is not expected to have a significant impact on the company's daily operation and management and corporate governance. The company will pay close attention to the progress of the above matters and fulfill the obligation of information disclosure in a timely manner.

It is hereby announced.

Gaosheng Holding Co., Ltd

Board of directors

August 11, 2001