Zhejiang Reclaim Construction Group Co.Ltd(002586) : Announcement on investor litigation matters

Securities code: Zhejiang Reclaim Construction Group Co.Ltd(002586) securities abbreviation: ST sea reclamation Announcement No.: 2022053 Zhejiang Reclaim Construction Group Co.Ltd(002586)

Announcement on investor litigation matters

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

Zhejiang Reclaim Construction Group Co.Ltd(002586) (hereinafter referred to as "the company") recently received the notice of response ([2022] zhe 02 min Chu No. 248, 274) and other litigation related materials from the Ningbo intermediate people's Court of Zhejiang Province. According to the above materials, the Ningbo intermediate people's Court of Zhejiang Province has accepted the dispute over the liability of Securities Misrepresentation by Jin Guohui and other three investors. The relevant information of the above litigation matters is hereby announced as follows: I. Basic information of this litigation

1. Litigant

Plaintiff: Jin Guohui and other three investors

Defendant: Zhejiang Reclaim Construction Group Co.Ltd(002586)

2. Plaintiff's claim

(1) The defendant is ordered to compensate the plaintiff for various economic losses. The details are as follows:

No. case No. amount of litigation object of the parties (yuan)

Notice of response ([2022]

1 jin Guohui 45236

Zhe 02 (min Chu No. 248)

Notice of response ([2022]

2 Hu Dongxiang 95844

Zhe 02 (min Chu No. 274)

Notice of response ([2022]

3 Peng Zhiliang 463372

Zhe 02 (min Chu No. 274)

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

3. Main facts and reasons

On February 10, 2022, the company received the decision on administrative punishment ([2022] No. 1) issued by Ningbo regulatory bureau of China Securities Regulatory Commission, which violated the relevant information disclosure of the company and relevant responsible personnel

The violations were punished. For details, see the announcement on receiving the decision on administrative punishment and market Prohibition (Announcement No.: 2022037) issued by the company on cninfo.com on February 11, 2022. Jin Guohui and other three investors filed a lawsuit to Ningbo intermediate people's Court of Zhejiang Province on the grounds of the dispute over the liability for Securities Misrepresentation, asking the company to bear civil liability for the above-mentioned illegal acts of information disclosure.

2、 Impact on the company

The above litigation matters have not been heard in court, and no legally effective judgment or ruling has been produced. The company is unable to judge the impact on the company's profits and losses for the time being. The company attaches great importance to relevant litigation cases. The company will hire a professional legal team to actively respond to the lawsuit and safeguard the legitimate rights and interests of the company and all shareholders in accordance with laws and regulations. The company will continue to pay attention to the progress of the above related cases and fulfill the obligation of information disclosure in time. Securities times, China Securities News, Securities Daily, Shanghai Securities News and cninfo (www.cn. Info. Com. CN.) The information published in the designated media of the company shall prevail.

3、 Documents for future reference

1. Ningbo intermediate people's court's notice of response ([2022] zhe 02 min Chu No. 248, 274) and other relevant materials.

It is hereby announced

Zhejiang Reclaim Construction Group Co.Ltd(002586) board of directors

March 1, 2002

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