Securities Code: 002072 Securities Abbreviation: *ST Kai Rui Announcement No.: 2020-L006 Kai Rui De Holding Co., Ltd. Announcement on Receiving Undertaking Letter The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and free from any false records, misleading statements, or material omissions. According to the "Administrative Measures for the Acquisition of Listed Companies," Shanxi Longyuan Energy Chemical Co., Ltd., Ningbo Guangshitian Commercial Trading Co., Ltd., Baocheng Dingsheng International Trade (Beijing) Co., Ltd., Li Xiangyang, Bi Jingxiang, Wang Jian, and other related parties (hereinafter referred to as "Equity Change Parties") have formed a concerted action relationship. The Equity Change Parties collectively hold 7.11% of the Company's shares and 12.3% of the Company's voting rights, becoming the largest shareholder in terms of voting rights. Regarding this equity change, please refer to the Company's announcements disclosed on the designated media (http://www.cninfo.com.cn) on January 2, 2020, January 8, January 16, January 21, and January 21, 2020 (Announcement Nos.: 2019-L143, 2020-L002, 2020-L004, 2020-L005). On January 21, 2020, Shanxi Longyuan Energy Chemical Co., Ltd., Ningbo Guangshitian Commercial Trading Co., Ltd., Baocheng Dingsheng International Trade (Beijing) Co., Ltd., Li Xiangyang, Bi Jingxiang, and Wang Jian issued an "Undertaking Letter," the content of which is as follows:
- The Company/I guarantee that all materials submitted to Kai Rui De Holding Co., Ltd. for this transaction are true, accurate, complete, and legally compliant.
- The Company/I have fulfilled its information disclosure obligations regarding this equity change in accordance with the "Securities Law of the People's Republic of China," "Administrative Measures for the Acquisition of Listed Companies," and other relevant regulations.
- The transaction in this equity change does not constitute short-swing trading.
- The transaction in this equity change does not violate any commitments previously made by the Company/I.
- Within twelve months from the completion of this equity change and the Company/I and its concerted parties becoming the largest shareholder in terms of voting rights of Kai Rui De Holding Co., Ltd., the Company/I will not reduce its holdings in Kai Rui De Holding Co., Ltd.
- After the aforementioned period expires, if the Company/I reduces its holdings in Kai Rui De Holding Co., Ltd., it will strictly comply with the relevant regulations on share reduction stipulated in laws, administrative regulations, departmental rules, normative documents, and business rules of the Shenzhen Stock Exchange. Hereby announced. Board of Directors of Kai Rui De Holding Co., Ltd. January 21, 2020