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

Stock Code: 000971 securities short: *ST, Gao Sheng Announcement No.: 2019-117

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 false records, misleading statements or major omissions.

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). For details, see the notice on receipt of the investigation notice of the China Securities Regulatory Commission (Announcement No. 2018-97) published in the specified information disclosure media in September 28, 2018 (announcement number: No. 2), and in October 27, 2018, November 27th, December 27th, January 26, 2019, February 27th, February 27th, ",", ",", ",", ",", ",", "the announcement on the progress of investigation and risk warning" is published (Bulletin number:

2018-112, 2018-126, 2018-136, 2019-08, 2019-18, 2019-25, 2019-44, 2019-55, 2019-63, 2019-82, 2019-91, 2019-108, and 2019-108.

In October 17, 2019, the company received the "advance notice of administrative penalty and market entry" issued by the Hubei Supervision Bureau of the China Securities Regulatory Commission (serial number: [2019]5). The company's violation of the regulations in the administrative penalty and the advance notice of market entry did not touch the provisions of the second, fourth and fifth regulations of the Shenzhen Stock Exchange on the implementation of major illegal and compulsory delisting measures of listed companies, as well as the regulations of the Shenzhen Stock Exchange Listing Rules.

Article 13.2.1 (eight) to (ten) provides a major illegal delisting situation. have

The contents of the body are detailed in the notice issued by the company on October 18, 2019 in the designated information disclosure media about the receipt of the "Hubei Administrative Bureau of the China Securities Regulatory Commission, the administrative penalty and the advance notification of market entry" (Bulletin number: 2019-113).

As of the date of this announcement, the administrative penalty for the administrative penalty and the prior notice of market entry has been submitted to the Hubei Supervision Bureau of the China Securities Regulatory Commission for presentation, defense and hearing. Relevant statements and defense materials have been submitted, and the hearing of the Hubei regulatory authority of the China Securities Regulatory Commission was held in November 15, 2019. The final penalty result shall be decided by the formal punishment decision issued by the Hubei Supervision Bureau of the China Securities Regulatory Commission. The company will actively cooperate with the Hubei Supervision Bureau of the China Securities Regulatory Commission to carry out follow-up work, actively rectify and improve the level of compliance management and internal control, resolutely prevent similar problems from happening again, and carry out information disclosure obligations according to the relevant regulations and regulatory requirements of the Shenzhen Stock Exchange Listing Rules, and disclose at least one risk notice notice every month.

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 relevant provisions of the regulations on the disclosure of company information disclosure No. fourteenth of the public offering, non-standard unreserved opinions and the handling of related matters, and the rules for the listing of stock exchanges in Shenzhen, the company's stock has been warned of delisting risks since April 30, 2019. The specific contents are detailed in the notice issued by the company in April 27, 2019 on the designated information disclosure media about the implementation of the delisting risk warning of the company's stock transactions (Bulletin number: 2019-43).

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 November 27th