Kehua Data Co.Ltd(002335) : Announcement on the progress of company litigation

Securities code: Kehua Data Co.Ltd(002335) securities abbreviation: Kehua Data Co.Ltd(002335) Announcement No.: 2022025 Kehua Data Co.Ltd(002335)

Announcement on the progress of company litigation

The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and are liable for false records, misleading statements or major omissions in the announcement.

Recently, Kehua Data Co.Ltd(002335) (hereinafter referred to as “the company”) (hereinafter referred to as Kehua Data Co.Ltd(002335) ) received civil judgment (2022) jingminzhong No. 58 and civil judgment (2022) jingminzhong No. 59 served by Beijing Higher People’s court. The progress of the above litigation matters is hereby announced as follows:

1、 Litigation of relevant cases

In August 2020, November 2020, October 2021 and December 2021, the company disclosed the relationship between the company and Shi Jun, Xiao Guiyang, Tian Suning and Beijing yunjutianxia Investment Center (limited partnership) (hereinafter referred to as “Yunju investment”) Beijing Dadao Investment Center (limited partnership) (hereinafter referred to as “Dadao investment”) and Beijing Tiandi Xiangyun Technology Co., Ltd. (hereinafter referred to as “Tiandi Xiangyun”) of Guangzhou Dexun investment partnership (limited partnership). In October 2021, the company received the civil judgment (2021) Jing 02 min Chu No. 36 and civil ruling served by Beijing No. 2 Intermediate People’s court

(2021) Jing 02 min Chu No. 36 and civil judgment (2021) Jing 02 min Chu No. 48; Shi Jun, Yun Ju

Investment and Dadao investment appealed to the Beijing Higher People’s court against the above judgment. For details of the above contents, please refer to the company’s website (www.cn. Info. Com. CN.) Announcement on litigation involving the company (Announcement No.: 2020059), announcement on litigation against Shi Jun, Xiao Guiyang, etc. (Announcement No.: 2020078), announcement on progress of litigation matters of the company (Announcement No.: 2021060) Announcement on the progress of company litigation and receipt of partial performance compensation (Announcement No.: 2021063) and announcement on the progress of company litigation (Announcement No.: 2021064).

The main contents of the civil judgment received by the company are hereby announced as follows:

(I) (2022) jingminzhong No. 58 civil judgment

1. Parties to the proceedings:

Appellant I (plaintiff of the original trial): Shi Jun

Appellant 2 (plaintiff of the original trial): Beijing yunjutianxia Investment Center (limited partnership)

Appellant 3 (plaintiff of the original trial): Beijing Dadao Investment Center (limited partnership)

Appellee (defendant of the original trial): Kehua Data Co.Ltd(002335)

2. Cause of action: equity transfer dispute

3. Appeal request:

(1) The first and second items of the civil judgment (2021) Jing 02 min Chu No. 36 issued by the second intermediate people’s Court of Beijing were revoked according to law, and the appellee was changed to compensate the appellant for the loss of 3688437598 yuan caused to the appellant due to the appellee’s overdue cancellation of the stock lock of the appellant in 2017 and 2018; (2) All litigation costs of the first and second instance shall be borne by the appellee.

4. Judgment:

The appeals and reasons of Shi Jun, Beijing yunjutianxia Investment Center (limited partnership) and Beijing Dadao Investment Center (limited partnership) are not tenable and should be rejected according to law. The judgment of the court of first instance finds that the facts are clear and the application of law is correct, which should be maintained. The judgment is as follows:

Reject the appeal and uphold the original judgment. The case acceptance fee of the second instance is 852598 yuan, which is jointly borne by Shi Jun, Beijing yunjutianxia Investment Center (limited partnership) and Beijing Dadao Investment Center (limited partnership) (paid). This judgment is final.

(II) (2022) jingminzhong No. 59 civil judgment

1. Parties to the proceedings:

Appellant I (defendant of the original trial): Shi Jun

Appellant 2 (defendant of the original trial): Beijing yunjutianxia Investment Center (limited partnership)

Appellant 3 (defendant of the original trial): Beijing Dadao Investment Center (limited partnership)

Appellee (plaintiff of the original trial): Kehua Data Co.Ltd(002335)

2. Cause of action: equity transfer dispute

3. Appeal request:

(1) Request to revoke the civil judgment No. 48 of Beijing Second Intermediate People’s Court (2021) Jing 02 min Chu

To reject all claims of Kehua Data Co.Ltd(002335) ; (2) The litigation costs of the first and second instance of this case shall be borne by Kehua Data Co.Ltd(002335) Party A.

4. Judgment:

The appeals and reasons of Shi Jun, Beijing yunjutianxia Investment Center (limited partnership) and Beijing Dadao Investment Center (limited partnership) are not tenable and should be rejected according to law. The judgment of the court of first instance finds that the facts are clear and the application of law is correct, which should be maintained. The judgment is as follows:

Reject the appeal and uphold the original judgment. The case acceptance fee of the second instance is 298632 yuan, which is jointly borne by Shi Jun, Beijing yunjutianxia Investment Center (limited partnership) and Beijing Dadao Investment Center (limited partnership) (paid) Kehua Data Co.Ltd(002335) the acceptance fee of the second instance case paid in advance is 271132 yuan, which will be refunded to Kehua Data Co.Ltd(002335) . This judgment is final.

2、 Other undisclosed litigation and arbitration matters and relevant explanations

In addition to the litigation related to the above cases, the company (including its holding subsidiaries) has no other major litigation and arbitration matters that should be disclosed but have not been disclosed.

3、 Impact on the company

On December 10, 2021, the company received the performance compensation of RMB 4563265391 paid by Shi Jun, Yunju investment and Dadao investment, which has been included in the current profit and loss of 2021. The above litigation matters will not affect the operation of the company. The above litigation courts have safeguarded the legitimate rights and interests of listed companies according to law, and the company will continue to actively safeguard the legitimate rights and interests of listed companies and shareholders.

Please invest rationally and pay attention to investment risks.

4、 Documents for future reference

(I) civil judgment (2022) jingminzhong No. 58;

(II) civil judgment (2022) jingminzhong No. 59.

It is hereby announced.

Kehua Data Co.Ltd(002335) board of directors

May 21, 2022

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