600252: Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) announcement on the progress of litigation involving the company

Securities code: 600252 securities abbreviation: Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) No.: pro 2022-1 Guangxi Wuzhou Zhongheng Group Co.Ltd(600252)

Announcement on the progress of litigation involving the company

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:

Stage of the case: retrial

Party status of listed company: retrial applicant (defendant of first instance and appellee of second instance)

Amount involved: RMB 18761506.12

Whether it will have a negative impact on the profits and losses of listed companies: No.

1、 Basic information of this lawsuit

Retrial applicant (defendant of first instance and appellee of second instance): Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) retrial applicant (third person of first instance and appellant of second instance): Liuzhou Municipal Engineering Group Co., Ltd

Plaintiff of first instance and appellant of second instance: Guan Shijie

Plaintiff of first instance and appellant of second instance: Su Kailin

Plaintiff of first instance: Gan Weizhong

The third party in the first instance: Guangxi Wuzhou Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) Qinzhou Beibu Gulf Real Estate Co., Ltd

The retrial applicant Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) (hereinafter referred to as “the company” or ” Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) “), Liuzhou Municipal Engineering Group Co., Ltd. (hereinafter referred to as “Liuzhou municipal company”), the plaintiff of first instance and appellant of second instance Guan Shijie and Su Kailin, The intermediate people’s Court of Wuzhou City, Guangxi Zhuang Autonomous Region (hereinafter referred to as “Wuzhou intermediate people’s court”) made civil judgment (2017) GUI 04 min Chu No. 4 on December 26, 2018 in the case of equity transfer dispute between the plaintiff Gan Weizhong in the first instance and the third party Guangxi Wuzhou Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) Qinzhou Beibu Gulf Real Estate Co., Ltd. (hereinafter referred to as “Beibu Gulf company”). The verdict is as follows:

(I) reject the claims of the plaintiffs Guan Shijie, Su Kailin and Gan Weizhong;

(II) reject the claim of the third party Liuzhou Municipal Engineering Group Co., Ltd.

In this case, the plaintiff Guan Shijie, Su Kailin and Gan Weizhong filed a lawsuit. The acceptance fee of this case was 705234.84 yuan, and the property preservation fee was 5000 yuan, totaling 710234.84 yuan, all of which were borne by the plaintiff Guan Shijie, Su Kailin and Gan Weizhong. The case acceptance fee of 683846 yuan filed by the third party Liuzhou Municipal Engineering Group Co., Ltd. in this case shall be borne by the third party Liuzhou Municipal Engineering Group Co., Ltd.

Guan Shijie, Su Kailin and Liuzhou Municipal Corporation appealed against the civil judgment of Wuzhou intermediate people’s Court (2017) GUI 04 min Chu No. 4. On February 11, 2020, Guangxi high court made (2019) guiminzhong No. 320 civil judgment. The judgment is as follows:

(I) maintain item 1 of civil judgment (2017) GUI 04 min Chu No. 4 of Wuzhou intermediate people’s court; (II) revoke item 2 of civil judgment (2017) GUI 04 min Chu No. 4 of Wuzhou intermediate people’s court; (III) the appellee Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) shall pay compensation of 18059217.12 yuan to the appellant Liuzhou Municipal Engineering Group Co., Ltd.

The debtor of the above-mentioned debt shall complete the performance within 10 days from the effective date of this judgment. If he fails to perform his obligation to pay money within the period specified in this judgment, he shall double the debt interest during the period of delay in performance in accordance with Article 253 of the procedural law of the people’s Republic of China. Guan Shijie, Su Kailin and Gan Weizhong of the first instance of this case paid an acceptance fee of 705234.84 yuan and a property preservation fee of 5000 yuan, totaling 710234.84 yuan. Since they do not have the qualification of the subject of this case and are not the qualified subject of this case, they belong to the scope of inadmissibility and rejection of prosecution according to law. The fees paid by Guan Shijie, Su Kailin and Gan Weizhong are 710234.84 yuan, It shall be returned by the court of first instance according to law; Guan Shijie of the second instance paid a case acceptance fee of 705234.84 yuan and Su Kailin paid a case acceptance fee of 113636.53 yuan, which shall be returned by the court according to law. The case acceptance fee of the first instance of this case is 683846 yuan (Liuzhou Municipal Engineering Group Co., Ltd. has paid in advance), which shall be borne by Liuzhou Municipal Engineering Group Co., Ltd. and Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) respectively. The second instance case acceptance fee of 683846 yuan (already paid in advance by Liuzhou Municipal Engineering Group Co., Ltd.) shall be borne by Liuzhou Municipal Engineering Group Co., Ltd. and Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) respectively.

Liuzhou municipal company applies to Wuzhou intermediate people’s court for enforcement according to the legally effective (2019) guiminzhong No. 320 civil judgment. According to the execution ruling (2020) GUI 04 Zhi No. 67 issued by Wuzhou intermediate people’s court, the real estate, movable property, bank deposits, insurance and financial management, equity, stocks, securities and other properties valued at RMB 18766506.12 of the person subjected to execution Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) are sealed up, seized, frozen, allocated, auctioned and sold.

After receiving the above execution notice and execution ruling, the company considered that the execution content ruled in the execution ruling was improper and requested the court to suspend the execution ruling, so it submitted the application for objection to execution and the application for suspension of execution to Wuzhou intermediate people’s court. The company has received the execution ruling (2020) GUI 04 Zhi Yi No. 24 issued by Wuzhou intermediate people’s court, which ruled to reject the company’s objection request. The company has applied to Guangxi high court for reconsideration on the rejection of the company’s objection request by Wuzhou intermediate people’s court. The company has received the execution ruling (2020) No. 168 of Guangxi high court. The ruling is as follows: reject the Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) reconsideration application of the reconsideration applicant and maintain the execution ruling (2020) GUI 04 Zhi Yi No. 24 of Wuzhou intermediate people’s court. This ruling is final.

The company filed a retrial with the Supreme People’s court in accordance with the provisions of the procedural law due to its dissatisfaction with the civil judgment (2019) guiminzhong No. 320 of Guangxi high court, and the Supreme People’s court has filed a case for the retrial application of the company. The company has received the civil ruling of the Supreme People’s Court (2020) supreme law min Shen No. 4632. The ruling is as follows: 1 The case shall be brought to trial by the Supreme People’s court; 2. During the retrial, the execution of the original judgment shall be suspended.

Please refer to the progress of the case on January 23, January 26, April 27, 2016, January 3, 2019, March 18, June 3, June 20, September 3, September 15 and September 26, 2020, The announcement of Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) litigation involved, the supplementary announcement of Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) litigation involved, the announcement of Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) progress of the company’s litigation involved, the announcement of Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) retrial judgment results of litigation cases involving Qinzhou Beibu Gulf real estate company and relevant litigation progress announcements disclosed on February 8, 2021.

2、 Progress of this lawsuit

Recently, I received the Supreme People’s court’s (2021) supreme law min re No. 41 civil judgment. The judgment is as follows: (I) revoke the civil judgment (2019) guiminzhong No. 320 of the higher people’s Court of Guangxi Zhuang Autonomous Region; (II) uphold the civil judgment (2017) GUI 04 min Chu No. 4 of Wuzhou intermediate people’s Court of Guangxi Zhuang Autonomous Region.

The first instance case acceptance fee of 683846 yuan shall be borne by Liuzhou Municipal Engineering Group Co., Ltd. The second instance case acceptance fee of 683846 yuan shall be borne by Liuzhou Municipal Engineering Group Co., Ltd. The property preservation fee of 5000 yuan during the first instance shall be borne by Guan Shijie, Su Kailin and Gan Weizhong. The property preservation fee of 5000 yuan during the retrial period shall be borne by Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) . The acceptance fee of 705234.84 yuan for cases of first instance paid in advance by Guan Shijie, Su Kailin and Gan Weizhong shall be returned by the court of first instance. The acceptance fee of 705234.84 yuan for the case of second instance paid in advance by Guan Shijie and 113636.53 yuan for the case of second instance paid in advance by Su Kailin shall be returned by the court of second instance.

This judgment is final.

3、 Impact on current or future profits of the company

According to the Supreme People’s court’s (2021) Supreme faminzai No. 41 civil judgment, the higher people’s Court of Guangxi Zhuang Autonomous Region revoked (2019) guiminzhong No. 320 civil judgment and upheld (2017) GUI 04 minchu No. 4 Civil Judgment of Wuzhou intermediate people’s Court of Guangxi Zhuang Autonomous Region, which will affect the company’s net profit attributable to the shareholders of the parent company of 18761506.12 yuan in 2021, The final implementation result is still uncertain, and the final amount of impact on the net profit shall be subject to the result confirmed by the annual audit.

4、 Documents for future reference

Supreme People’s Court (2021) Supreme faminzai No. 41 civil judgment.

The company will continue to pay attention to the progress of the case, timely fulfill the obligation of information disclosure, and invite investors to pay attention to investment risks.

It is hereby announced.

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Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) board of directors January 15, 2022

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