*ST Gaosheng (000971): Resignation Of Some Directors And Senior Management

Gaosheng Cmi Holdings Ltd

Notice on resignation of some directors and senior managers

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.

The board of directors of Gaosheng Cmi Holdings Ltd (hereinafter referred to as the "company") received some written resignations from some directors and senior managers today. For personal reasons, Mr. Wei Zhenyu resigned from the board and the special committee of the board of directors. Mr. Peng Shunyi resigned as deputy general manager and deputy general manager.

After resignation, Mr. Wei Zhenyu and Mr. Peng Shunyi will not hold other positions in the company.

According to the relevant provisions of the company law and the articles of association, the resignation report of the above persons shall come into force on the date of serving the board of directors of the company. Mr. Wei Zhenyu's resignation will not result in a company's board of directors below the statutory minimum, nor will it affect the normal operation of the company's board of directors and its daily management. The company will complete the recruitment work as soon as possible. Mr. Peng Shunyi will assume the position of general manager during his term of office. Mr. Peng Shunyi's resignation will not affect the normal operation of the company. The board of directors of the company will confirm the appointment of the new general manager as soon as possible.

As of the date of this announcement, Mr. Peng Shunyi did not hold shares in the company. Mr. Wei Zhenyu himself held 400000 shares of the company directly, holding 158550396 shares through the Beijing Yu Chi Reed Investment Co., Ltd. (hereinafter referred to as "Yu Chi Reed"), and holding 90178582 shares of the company through the blue Ding Industrial (Hubei) Co., Ltd. (hereinafter referred to as "blue tripod"). Among them, Yu Chi Reed and LAN Ding have filed for bankruptcy with the court, and now they are taken over by the bankruptcy administrator. Mr. Wei Zhenyu will leave the company in accordance with the relevant provisions of the company law, the directors and supervisors of listed companies and the management rules of their shares held by directors of listed companies and senior managers.

Cmi Holdings Ltd will not transfer the shares held by the company after six months. The company will go to the Clearing Corp to handle related issues in the 2 trading days after its declaration.

Notice hereby

Gaosheng Cmi Holdings Ltd board of directors

Two O 19 December 19th