Inner Mongolia Tianshou Technology Development Co., Ltd.
Announcement
Stock Code: 000611
Stock Abbreviation: Tianshou Exit
Announcement No.: 2022-80
Inner Mongolia Tianshou Technology Development Co., Ltd. (hereinafter referred to as "the Company" or "Tianshou Development") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Recently, the Company received a civil judgment [2022] Jilin Min Zhong 100 from the Jilin Provincial High People's Court, delivered through its 100% holding partnership, Jilin Tianshou Investment Center (Limited Partnership) (hereinafter referred to as "Jilin Tianshou"). The relevant matters are announced as follows:
1. Basic Information of the Case
(1) Parties Involved
Plaintiff: Jilin Tiancheng Mining Co., Ltd.
Defendant: Inner Mongolia Tianshou Technology Development Co., Ltd.
Defendant: Jilin Tianshou Investment Center (Limited Partnership)
(2) Facts and Reasons for the Litigation
On April 17, June 26, and July 13, 2017, the Company held the 12th meeting of the 8th Board of Directors, the 14th meeting, and the 6th and 8th meetings of the 8th Supervisory Board, as well as the 2017 second extraordinary general meeting, approving the establishment of a new limited partnership, Jilin Tianshou, to purchase 75% equity of Jilin Tianchi Molybdenum Co., Ltd. (hereinafter referred to as "Tianchi Molybdenum") held by Jilin Tiancheng Mining Co., Ltd. for 953 million yuan in cash (in 2020, Tianchi Molybdenum's capital increase changed Jilin Tianshou's shareholding to 52.1291%). The Company also purchased a debt of 342 million yuan owed by Jilin Tianchi Mining Co., Ltd. (hereinafter referred to as "Tianchi Mining") to Tianchi Molybdenum.