Hangzhou Gaoxin Rubber & Plastic Materials Co.Ltd(300478) : Announcement on the progress of bankruptcy liquidation of shareholders holding more than 5% shares and the auction of some of their shares

Securities code: Hangzhou Gaoxin Rubber & Plastic Materials Co.Ltd(300478) securities abbreviation: Hangzhou Gaoxin Rubber & Plastic Materials Co.Ltd(300478) Announcement No.: 2022033 Hangzhou Gaoxin Rubber & Plastic Materials Co.Ltd(300478)

Announcement on the progress of bankruptcy liquidation of shareholders holding more than 5% shares and the auction of some of their shares

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.

Special tips:

1. As of the disclosure date of this announcement, happy Holding Group Co., Ltd. (hereinafter referred to as "happy group") and its actual controller Mr. Gao Changhong held 9268552 shares of the company, accounting for 7.2% of the total share capital of the company; The total number of Pledged Shares is 8550000, accounting for 92.25% of the company's shares and 6.64% of the company's total share capital; The total number of shares frozen and waiting to be frozen by the judiciary is 9268552, accounting for 100% of the company's shares and 7.2% of the company's total share capital. Investors should pay attention to relevant risks.

2. The shares auctioned by the judiciary this time are 8550000 shares of the company's non tradable shares held by happy group, which holds more than 5% of the company's shares, accounting for 100% of the company's total shares and 6.64% of the company's total share capital.

3. This auction is a specific matter from the bankruptcy liquidation of happy group to the stage of property price change.

Hangzhou Gaoxin Rubber & Plastic Materials Co.Ltd(300478) (hereinafter referred to as "the company, Hangzhou Gaoxin Rubber & Plastic Materials Co.Ltd(300478) ") issued the suggestive announcement on the application for bankruptcy liquidation of the company's largest shareholder (Announcement No.: 2021132) on November 9, 2021. Happy group applied to Hangzhou Yuhang District People's court for bankruptcy liquidation; On November 19, 2021, the company issued the announcement on the progress of bankruptcy liquidation of the largest shareholder and the auction of some shares held by the group (Announcement No.: 2021133), and was glad that 2533460 shares of the company's shares held by the group were successfully auctioned by the judicial auction; On December 9, 2021, the company issued the announcement on the progress of bankruptcy liquidation of the largest shareholder and the auction of some shares held by the group (Announcement No.: 2021136), and was glad that 1000000 shares of the company held by the group were auctioned by the judiciary and the auction was successful; On December 11, 2021, the company issued the announcement on the progress of bankruptcy liquidation of the largest shareholder and the auction of some shares held by the group (Announcement No.: 2021137), and was glad that 3381985 shares of the company held by the group were successfully auctioned by the judicial auction; On January 22, 2022, the company issued the announcement on the progress of bankruptcy liquidation of the largest shareholder and the auction of some shares held by the group (Announcement No.: 2022005). It was pleased that 4940000 shares of the company held by the group were auctioned by the judiciary and the auction was successful.

Recently, the company passed the "Alibaba auction · justice" website( https://sf.taobao.com. )Upon enquiry,

The people's Court of Yuhang District, Hangzhou City, Zhejiang Province held a hearing from May 17, 2022 to May 18, 2022

At the end of the time (except for the delay), the company holds more than 5% of the shares in the public auction on the Taobao judicial auction network platform

The shareholder happy group holds 8550000 shares of the company's non tradable shares, and the judicial auction has been successful

The transaction amount is 87894000 yuan. Now the situation of this judicial auction is announced as follows:

1、 The situation of this judicial auction

(I) basic information of this judicial auction

Whether it is the judicial auction of the company occupied by the third party

Total shares held by a major shareholder

Name number of shares sold the total share capital of the shares held by the number of shares sold the reason for the auctioneer's initial sale and expiration and the proportion of the same number (shares) day

Actor (unit)

Happy 2022 Hangzhou Yu bankruptcy liquidation in 2022 is 8550000855 Shenzhen Ecobeauty Co.Ltd(000010) 0% 6.64% may 17 May 18 Hangzhou District People's court

Group court

Total: / 8550000855 Shenzhen Ecobeauty Co.Ltd(000010) 0% 6.64% / //

The auction was executed by the people's Court of Yuhang District, Hangzhou. The applicant happy group went bankrupt for liquidation

Case. 8550000 shares of " Hangzhou Gaoxin Rubber & Plastic Materials Co.Ltd(300478) " held by the executee happy group, and this part of the shares is non tradable

The pledge is non tradable shares, accounting for 6.64% of the total share capital of the company.

(II) cumulative judicial auction of shareholders' shares

As of the disclosure date of the announcement, the accumulated shares held by the above shareholders have been auctioned as follows:

Accumulated judicial disposal (including its share of the total shares of the company)

Proportion of shares held by auction, number of shares sold

Quantity (shares)

Happy group 85500006.64% 855 Shenzhen Ecobeauty Co.Ltd(000010) 0% 6.64%

Total: 85500006.64% 855 Shenzhen Ecobeauty Co.Ltd(000010) 0% 6.64%

2、 Other risk tips

If 8550000 shares of the above auctioned " Hangzhou Gaoxin Rubber & Plastic Materials Co.Ltd(300478) " shares are successfully transferred, happy group will not

If you hold the company's shares again, you will no longer be the shareholder holding more than 5% of the company's shares.

Shares held by the bankruptcy liquidation Office of happy group this time

The items auctioned by the judiciary will not affect the production and operation of the company. After the transfer of the shares is successful

It may affect the actual control of the company. The company will continue to pay attention to the progress of the above matters and

Timely perform the obligation of information disclosure in accordance with relevant regulations.

2. The company solemnly reminds investors that the information disclosure media designated by the company are the gem information disclosure websites designated by the CSRC, such as securities times and cninfo. Com, and the information about the company shall be subject to the information published in the above designated media. The company will conscientiously perform the obligation of information disclosure and do a good job of information disclosure in a timely manner in strict accordance with the provisions and requirements of relevant laws and regulations. Please invest rationally and pay attention to investment risks.

It is hereby announced

Hangzhou Gaoxin Rubber & Plastic Materials Co.Ltd(300478) board of directors

May 18, 2022

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