Zhongtian Financial Group Company Limited(000540) : Announcement on major litigation of the company

Securities code: Zhongtian Financial Group Company Limited(000540) securities abbreviation: Zhongtian Financial Group Company Limited(000540) Announcement No.: 202216 Zhongtian Financial Group Company Limited(000540)

Announcement on major litigation of the company

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

1、 Basic information on the acceptance of this major litigation

Zhongtian Financial Group Company Limited(000540) (hereinafter referred to as “the company”), a wholly-owned subsidiary of Zhongtian Urban Investment Group Guiyang International Financial Center Co., Ltd. (hereinafter referred to as “Guiyang international financial center”), recently received a summons issued by the intermediate people’s Court of Guiyang City, Guizhou Province, Evergrande Life Insurance Co., Ltd. (hereinafter referred to as “Evergrande life”) filed a lawsuit against Guiyang international financial center over the dispute over the house sales contract. As of the disclosure date of this announcement, the intermediate people’s Court of Guiyang City, Guizhou Province has accepted the case and has not yet heard it.

2、 Basic information about the case

(I) litigants

Plaintiff: Evergrande Life Insurance Co., Ltd

Defendant 1: Zhongtian Urban Investment Group Guiyang International Financial Center Co., Ltd

Defendant 2: Zhongtian Urban Investment Group Co., Ltd

(II) case overview

Guiyang international financial center and Evergrande life signed the commercial housing sales contract and the investment agreement for building 1, phase I business district of Guiyang international financial center in September 2020, It is agreed that Evergrande life insurance will purchase the office property from the 6th floor to the 51st floor (excluding the refuge floor) and the hotel and serviced apartment property from the 53rd floor to the 79th floor of Building 1 of the financial center phase I business district project developed by Guiyang international financial center, with a total transaction price of RMB 1915874280. Due to the failure of Guiyang international financial center to deliver the house on schedule, Evergrande life brought a lawsuit to the intermediate people’s Court of Guiyang City, Guizhou Province.

(III) claims

1. Confirm that the commercial housing sales contract, the investment agreement of Building 1 of phase I business district of Guiyang international financial center and the lease agreement of Building 1 of phase I business district of Guiyang international financial center have been terminated;

2. Order the defendant Guiyang international financial center to return all the transaction price of 1915874280 yuan to the plaintiff Evergrande life insurance and pay liquidated damages of 287381142 yuan;

3. Order the defendant Guiyang international financial center to pay the fund occupation fee to the plaintiff Evergrande life insurance;

4. Order the defendant Guiyang international financial center to pay the plaintiff Evergrande life the penalty for overdue payment of the fund occupation fee in the third quarter of 2021;

5. Order the defendant Guiyang international financial center to return the special maintenance fund paid by the plaintiff Evergrande life insurance of RMB 17724938;

6. Order the defendant No. 2 Zhongtian Chengtou to bear joint and several liability for paying off the creditor’s rights in Items 2, 3, 4 and 5 above to Evergrande life;

7. Order that the litigation costs, preservation costs, preservation liability insurance costs and lawyer’s fees of this case shall be jointly borne by the two defendants. 3、 Other undisclosed litigation and arbitration matters

As of the disclosure date of this announcement, the company and its holding subsidiaries have no other major litigation and arbitration matters that should be disclosed but not disclosed except the litigation disclosed this time. The total amount involved in other litigation and arbitration in which the company failed to meet the disclosure standards of major litigation for 12 consecutive months was 16322844 million yuan.

4、 Possible impact of this lawsuit on the company’s current profits or future profits

As of the disclosure date of this announcement, the above cases have not been heard and no legally effective judgment or ruling has been produced. Therefore, the company is unable to judge its impact on the company’s profits in the current period or after the period. The company will continue to pay attention to the progress of the case and timely perform the obligation of information disclosure in accordance with relevant laws and regulations.

The information disclosure media designated by the company are China Securities News, securities times, Shanghai Securities News, securities daily and cninfo (www.cn. Info. Com. CN.), Please pay attention to the relevant announcements of the company and pay attention to the investment risks.

It is hereby announced.

Zhongtian Financial Group Company Limited(000540) board of directors March 2, 2022

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