600289: announcement of Yiyang Xintong on litigation matters involving investors

Securities code: 600289 stock abbreviation: Bright Oceans Inter-Telecom Corporation(600289) Announcement No.: pro 2022-012

Bright Oceans Inter-Telecom Corporation(600289)

Announcement on litigation matters involving investors

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:

Litigation stage of the case: no court session

The party status of listed companies: defendant

Amount involved in litigation: as of the date of this announcement, the total amount is about 59.3203 million yuan

Whether it will have a negative impact on the profits and losses of listed companies: the relevant litigation is still in the trial stage and has not produced a legally effective judgment, so the company cannot judge its impact on the profits and losses for the time being.

Bright Oceans Inter-Telecom Corporation(600289) (hereinafter referred to as “the company” or “Yiyang Xintong”) recently received legal documents served by the Beijing Financial court and Harbin intermediate people’s court, involving 53 investors filing civil lawsuits against the company on the grounds of Securities Misrepresentation liability disputes, involving a total amount of 59.3203 million yuan. The basic information of relevant litigation is hereby announced as follows:

1、 Overview of litigation:

1. Litigant:

Plaintiff: 53 natural persons in total

Defendants: Bright Oceans Inter-Telecom Corporation(600289) , Yiyang Group Co., Ltd. (hereinafter referred to as “Yiyang group”), Zhitong Certified Public Accountants (special general partnership) (hereinafter referred to as “Zhitong”), Guosen Securities Co.Ltd(002736) (hereinafter referred to as “Guoxin”), Deng Wei, Deng Qing, Qu Fei and Tian Xuwen.

2. Plaintiff’s claim:

1) The defendant was ordered to compensate the plaintiff for various economic losses, including investment balance loss, commission loss, stamp duty loss and interest loss. Details are as follows:

No. the accepting institution of the prosecution party the amount involved in the current progress of the sued Party (RMB)

Zhang Jingliang, Yiyang Xintong, Zhitong, Deng Wei, unsettled 9216287.24 Guoxin of Beijing Financial court

2 li Shumin, Yiyang Xintong, Zhitong and Deng Wei of Beijing Financial court did not hold a court session 30115.60

Zhang Ming, Yiyang Xintong, Zhitong and Deng Wei of Beijing Financial court did not hold a court session 627221.83

Zhang Jinghong, Yiyang Xintong, Zhitong and Deng Wei of Beijing Financial court were not in court 1229649.46

5 Fang Xiuyun Beijing Financial court Yiyang Xintong, Zhitong and Deng Wei did not hold a court session 74208.00

6 Wang Xiaoying, Yiyang Xintong, Zhitong and Deng Wei of Beijing Financial court did not open 75391.20

Tian Shuping, Yiyang Xintong, Zhitong and Deng Wei of Beijing Financial court did not hold a court session 48752.45

8 Guo Shimin Beijing Financial court Yiyang Xintong, Zhitong and Deng Wei did not hold a court session 23600403.07

9 Chen Junlie, Yiyang Xintong, Zhitong and Deng Wei of Beijing Financial court did not open 48864.00

10 Xiong Silan Beijing Financial court Yiyang Xintong did not hold a court session 10000.00

11 Cai Meirong Beijing Financial court Yiyang Xintong did not hold a court session 10000.00

12 Guo Li, Yiyang Xintong of Beijing Financial court did not open 961060.01

Li Jintao Beijing Financial court Yiyang Xintong did not hold a court session 601501.53

14 Chen Xin, Beijing Financial court Yiyang Xintong did not open 204891.38

15 mA Jinming Yiyang Xintong of Beijing Financial court did not open 15686.37

16 Du Fengxia Beijing Financial court Yiyang Xintong did not open 160124.49

17 acting Hong Juan, Beijing Financial court, Yiyang Xintong did not open 4958.44

18 Bao Yanmei, Yiyang Xintong of Beijing Financial court did not open 278737.91

19 gongchunyan Beijing Financial court Yiyang Xintong did not hold a court session 130110.14

20 Zhou Li Zhen Beijing Financial court Yiyang Xintong did not open 698488.38

21 Zhu Ming, Yiyang Xintong of Beijing Financial court did not open 26177.99

22 Chen Qinggong Beijing Financial court Yiyang Xintong did not open 89037.96

23 Huan Hongwei Beijing Financial court Yiyang Xintong did not open 27563.29

Yiyang Xintong, Yiyang group, China

24 Jiang Wenfeng, Xin of Beijing Financial court, Deng Wei, Deng Qing, Qu Fei, no court session 309901.14 Tian Xuwen

25 Zhang Zhiyong to be determined Yiyang Xintong is not in court 35586.00

26 Shen Weiquan pending, Yiyang Xintong not in court 48972.00

27 Du Daofa pending, Yiyang Xintong not in court 29336.00

28 Ben Tan Qing TBD Yiyang Xintong not in court 398016.00

29 Liu Shuang pending, Yiyang Xintong not in court 28634.00

No. the accepting institution of the prosecution party the amount involved in the current progress of the sued Party (RMB)

30 Han zhe pending, Yiyang Xintong not in court 29400.00

31 Li Gongchao to be determined Yiyang Xintong is not in court 1061387.00

32 Zhang Guozhu pending, Yiyang Xintong not in court 4238475.00

33 Yang Muyi to be determined Yiyang Xintong is not in court 134157.00

34 Zhu Fei to be determined, Yiyang Xintong has not held a court session 5694.00

35 Li Zhonghua pending, Yiyang Xintong not in court 10000.00

36 Xu Guofei to be determined, Yiyang Xintong has not held a court session, 10000.00

37 Qi Peng to be determined, Yiyang Xintong is not in court 1442831.68

38 Hu Yang pending, Yiyang Xintong not in court 508439.07

39 Cheng Jia pending, Yiyang Xintong not in court 5044900.61

40 Zhao Zhixue pending, Yiyang Xintong not in court 751312.00

41 Lin mincheng to be determined: Yiyang Xintong, Guoxin and Zhitong are not in court 106895.81

Chapter 42 Yaping to be determined Yiyang Xintong is not in court 33271.14

43 an Guangchen pending, Yiyang Xintong not in court 133206.96

44 Cai Sen to be determined, Yiyang Xintong is not in court 17345.00

45 Li Jianxia to be determined, Yiyang Xintong has not held a court session 29128.00

46 Wu Weicai to be determined, Yiyang Xintong is not in court 1978820.00

47 Zeng mengchun pending, Yiyang Xintong not in court 127846.00

48 Xue Ke to be determined Yiyang Xintong is not in court 7064.00

49 Zhao Lin to be determined Yiyang Xintong is not in court 800125.00

50 Li Ye to be determined, Yiyang Xintong has not held a court session, 308917.65

51 Wang Zhi, Yiyang Xintong, Deng Wei and Deng Qing of Beijing Financial court did not hold a court session 500287.14

52 Ji Debao Beijing Financial court Yiyang Xintong did not open 871760.93

53 Ji Wenyu Beijing Financial court Yiyang Xintong did not open 2149320.48

2) The defendant is ordered to bear all the litigation costs of the case.

3. Main facts and reasons

On December 28, 2021, the company and relevant parties received the decision on administrative punishment ([2021] No. 1) issued by Heilongjiang regulatory bureau of China Securities Regulatory Commission. The company and relevant responsible persons were subject to administrative punishment by China Securities Regulatory Commission. For details, see the company in China Securities Journal, Shanghai Securities Journal and the website of Shanghai Stock Exchange on December 29, 2021( http://www.sse.com.cn. )The announcement of Yiyang Xintong on receiving the decision on administrative punishment and the decision on banning market entry from Heilongjiang regulatory bureau of China Securities Regulatory Commission (Announcement No.: p.2021-122).

2、 Progress of relevant litigation:

The above-mentioned 53 litigation matters are still in the stage of trial.

3、 Other instructions

The above 53 litigation related items have not been heard in court before, and no legally effective judgment or ruling has been produced. Therefore, the company is unable to judge its impact on the company’s profits and losses for the time being.

The company attaches great importance to relevant litigation matters, and has hired a professional legal team to actively respond to the lawsuit, making every effort to safeguard the legitimate rights and interests of the company and all shareholders. The company will continue to pay attention to the progress of the above litigation matters and fulfill the obligation of information disclosure in time.

The information disclosure media designated by the company are China Securities News, Shanghai Securities News and the website of Shanghai Stock Exchange( http://www.sse.com.cn. ), relevant information shall be subject to the information published in the above designated media. Please pay attention to the follow-up announcement of the company and pay attention to the investment risk.

It is hereby announced.

Bright Oceans Inter-Telecom Corporation(600289) board of directors

February 26, 2022

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