Securities Code: 002072
Securities Abbreviation: *ST Kai Rui
Announcement Number: 2021-L046
Kai Rui De Holdings Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
The shareholder Zhejiang Fifth Season Industrial Co., Ltd. (hereinafter referred to as "Zhejiang Fifth Season") has been ruled for bankruptcy liquidation by the Hangzhou Intermediate People's Court of Zhejiang Province. For specific details, please refer to the announcement titled "Announcement on Shareholder Court Ruling for Bankruptcy Liquidation" disclosed by the Company on June 12, 2020, on the Giant Tide Information Network (Announcement Number: 2020-L050).
On April 30, 2020, the Company received a "Notice Letter" from the administrator of Zhejiang Fifth Season, informing that the administrator will initiate the first auction of the 14,487,000 shares held by Zhejiang Fifth Season in the Company. The specific details are as follows: