000971SZSE

Progress Announcement on Fund Occupation and Illegal Guarantee by Former Actual Controller

*ST Gaosheng Co., Ltd.··5 pages

✨ AI Summary

This announcement details the ongoing issues related to illegal guarantees and fund occupation by the former actual controller of the company. As of the announcement date, the total illegal guarantee balance is CNY 52.905 million, and the fund occupation amounts to CNY 89.9463 million. The company is under risk warnings due to unresolved issues and has incurred liabilities totaling CNY 14.28513 million.

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Full Translation

AI Translation· azure_openai

The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Special Reminder:

  1. As of the date of this announcement, the illegal external guarantee balance of High Rise Holdings Co., Ltd. (hereinafter referred to as "the Company") is CNY 52.905 million, and the fund occupation balance by related parties of the former actual controller is CNY 89.9463 million, totaling CNY 142.8513 million.
  2. According to the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)" (hereinafter referred to as "the Listing Rules"), since the Company has not fully resolved the aforementioned illegal guarantees and fund occupation issues, the other risk warnings currently imposed on the Company have not been lifted. The former actual controller and Chairman of the 8th Board, Wei Zhenyu, along with the former Chairman of the 9th Board, Li Yao, repeatedly used the Company’s official seal without approval or authorization from the shareholders' meeting or board of directors to act as joint borrowers or guarantors for financing provided to the former controlling shareholder Beijing Yuchi Ruide Investment Co., Ltd. and its related parties, as well as related parties of the former actual controller Wei Zhenyu. The specific progress is as follows:

I. Illegal Guarantee Situation

(1) Progress of Illegal Guarantees

As of the date of this announcement, the illegal guarantee balance of the Company is CNY 52.905 million. The details of the illegal guarantees are as follows:

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