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600127: Jinjian Cereals Industry Co.Ltd(600127) announcement on litigation involving wholly-owned subsidiaries

Securities code: 600127 securities abbreviation: Jinjian Cereals Industry Co.Ltd(600127) No.: Lin 2022-06 Jinjian Cereals Industry Co.Ltd(600127)

Announcement on litigation involving wholly-owned subsidiaries

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:

The litigation stage of the case: the case has been filed and accepted.

The party status of the listed company: Jinjian Shenzhen Agricultural Products Group Co.Ltd(000061) (Hunan) Co., Ltd., a wholly-owned subsidiary of Jinjian Cereals Industry Co.Ltd(600127) , is the plaintiff of this case.

The amount involved in the case: the payment for goods is RMB 2209460, the fund occupation fee of the payment for goods is RMB 8742 (the fund occupation fee is based on RMB 2209460, calculated at an annualized rate of 3.85% from December 10, 2021 to the completion of all payments, and temporarily calculated to January 17, 2022 as RMB 8742), as well as all legal fees, preservation fees and guarantee fees.

Whether it will have a negative impact on the profits and losses of the listed company: this lawsuit will not affect the normal production and operation of the company. As the case is at the stage of filing and acceptance and has not been heard in court, it is temporarily impossible to accurately judge the impact of this lawsuit on the current or future profits of the company and its subsidiaries.

1、 Basic information about the prosecution of this litigation case

(I) basic information of the case

In order to safeguard its legitimate rights and interests, Jinjian Shenzhen Agricultural Products Group Co.Ltd(000061) (Hunan) Co., Ltd. (hereinafter referred to as ” Shenzhen Agricultural Products Group Co.Ltd(000061) Hunan company” or “plaintiff”), a wholly-owned subsidiary of Jinjian Cereals Industry Co.Ltd(600127) (hereinafter referred to as “the company”), and Shang Xiangqiong (hereinafter referred to as “defendant 2”) filed a civil lawsuit with the people’s Court of Kaifu District, Changsha City, Hunan Province on January 21, 2022, and received the notice of case acceptance (2022) Xiang 0105 min Chu No. 2153 issued by the people’s Court of Kaifu District, Changsha City, Hunan Province on February 17, 2022.

(II) litigants

1. Basic information of the plaintiff:

Plaintiff: Jinjian Shenzhen Agricultural Products Group Co.Ltd(000061) (Hunan) Co., Ltd

Address: 503, unit 101, trading building, No. 1018, Furong North Road, Qingzhuhu street, Kaifu District, Changsha

Unified social credit Code: 91430105072634360x

Legal representative: Liu Zhiguo

2. Basic information of the defendant:

Defendant 1: Hunan Desen Agricultural Development Co., Ltd

Address: Yuan Changjun’s private residence, No. 56, Sujia group, chengjiaba village, Baiguan Town, Lusong District, Zhuzhou City, Hunan Province

Unified social credit Code: 91430203ma4l5gn43l.

Legal representative: Wu Hao

Defendant 2: Shang Xiangqiong (spouse of the legal representative of defendant 1)

Registered residence: 139 Yuen Hua District, Changsha New Town West Road, Zhongjiang, 1 International Flower City, 2606 rooms.

Current address: room 3302, building D6, Xincheng Shanghai New World Co.Ltd(600628) community, 139 Laodong Road, Changsha

2、 Causes and claims of this lawsuit

(I) litigation facts and reasons:

Shenzhen Agricultural Products Group Co.Ltd(000061) Hunan company signed the product sales contract (No.: s20210913-3129) with the defendant Desen company in July 2021. The contract agreed that Shenzhen Agricultural Products Group Co.Ltd(000061) Hunan company provided rice, edible oil and products required by the demander to the defendant Desen company, and the price was sold according to the guiding price and sales policy of Shenzhen Agricultural Products Group Co.Ltd(000061) Hunan company, The payment for goods shall be paid to Hunan Desen company Shenzhen Agricultural Products Group Co.Ltd(000061) before October of the current month. If the payment is overdue, the fund occupation fee shall be paid to Shenzhen Agricultural Products Group Co.Ltd(000061) Hunan company from the date of exceeding the time limit, and the interest shall not be lower than the annual interest rate of the bank.

After the contract was signed, Shenzhen Agricultural Products Group Co.Ltd(000061) Hunan company provided edible oil with a total value of 2209460 yuan to the defendant Desen company from October 10 to November 3, 2021, and made reconciliation and settlement with Desen company on November 3, 2021. In the above transaction process, the defendant two Shang Xiangqiong participated in the whole transaction process involved in issuing orders, picking up orders and reconciliation to Shenzhen Agricultural Products Group Co.Ltd(000061) Hunan company on behalf of the defendant one Desen company.

Up to now, the defendant derson company has not paid the payment to the plaintiff. In this regard, Shenzhen Agricultural Products Group Co.Ltd(000061) Hunan company filed a case filing application with the people’s Court of Kaifu District, Changsha City in order to safeguard its legitimate rights and interests according to law.

(II) claim:

1. Request to order the defendant to pay 2209460 yuan to the plaintiff according to law.

2. It is requested to order the defendant to pay the plaintiff the fund occupation fee of 8742 yuan according to law (the fund occupation fee is calculated from December 10, 2021 to the completion of all payments at an annualized rate of 3.85% based on 2209460 yuan, and is temporarily calculated as 8742 yuan until January 17, 2022)

3. Request that the defendant be ordered to bear all legal costs, preservation costs and guarantee costs of the case according to law.

4. Request to order the defendant 2 to bear joint and several liability for the case according to law.

3、 The impact of this lawsuit on the company’s profits in the current period or after the period

As the case is at the stage of filing and acceptance and has not been heard in court, it is temporarily impossible to accurately judge the impact of this lawsuit on the current or future profits of the company and its subsidiaries.

Shenzhen Agricultural Products Group Co.Ltd(000061) Hunan company will actively do a good job in litigation related work and strive to safeguard its legitimate rights and interests. At the same time, the company will timely perform the obligation of information disclosure on the progress of this lawsuit in accordance with relevant regulations. Please pay attention to the investment risks

It is hereby announced.

Jinjian Cereals Industry Co.Ltd(600127) board of directors February 17, 2022

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