Sundiro Holding Co.Ltd(000571) : Announcement on the judgment results of first instance and second instance in cases involving liability disputes over Securities Misrepresentation and some cases

Securities code: 000571 securities abbreviation: St continental Announcement No.: pro 2022-008 Sundiro Holding Co.Ltd(000571)

Announcement on the judgment results of first instance and second instance in cases involving liability disputes over Securities Misrepresentation and some cases

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、 Overview of litigation

Sundiro Holding Co.Ltd(000571) (hereinafter referred to as “the company” or “new continent”) has disclosed a total of 93 litigation cases on Securities Misrepresentation liability disputes in the early stage, involving a total amount of 12.5526 million yuan. The cause of action was that in January 2020, the company received the decision on administrative punishment from Hainan regulatory bureau of China Securities Regulatory Commission. As an investor, the plaintiff suffered losses in buying and selling the company’s shares, so he sued the court and asked the company to compensate for its losses. See March 19, May 28, July 18, July 23, August 22, October 21, 2020 and January 26, April 21, June 8, June 16, July 8, September 29, 2021 for details Announcement on relevant litigation cases disclosed by the company on December 14 (No.: pro 2020-045, pro 2020-098, pro 2020-120, pro 2020-124, pro 2020-135, pro 2020-155, pro 2021-005, pro 2021-032, pro 2021-058, pro 2021-062, pro 2021-067, pro 2021-103, pro 2021-128).

On January 12, January 19, January 26, May 15, May 27, July 8, July 23, September 29, October 12, October 14, October 16, November 3, December 14, December 16 and January 5, 2021, the company disclosed 77 first instance judgments in the above cases respectively, For details, please refer to the disclosure announcement (No.: pro 2021-001, pro 2021-003, pro 2021-005, pro 2021-049, pro 2021-051, pro 2021-067, pro 2021-071, pro 2021-103, pro 2021-107, pro 2021-108, pro 2021-110, pro 2021-117, pro 2021-128, pro 2021-130, pro 2022-007).

On June 8, June 16, October 12 and October 14, 2021, the company disclosed the remand of 24 second instance judgments and 3 rulings in the above cases respectively. See the disclosed announcement (No.: pro 2021-058, pro 2021-062, pro 2021-107 and pro 2021-108) for relevant contents.

2、 Progress

As of the disclosure date of this announcement, among the above Securities Misrepresentation liability disputes, 12 cases have been decided in the first instance (including 1 case of revocation of the first instance and re judgment in the first instance after being sent back for retrial), 13 cases have been decided in the second instance and 1 case has been decided to withdraw the lawsuit.

(I) the company has recently received 12 civil judgments (No. 393, 394, 396, 397, 456, 457 and 460-465) issued by Haikou intermediate people’s Court of Hainan Province, as follows:

1. Among them, the judgment of civil judgment ((2021) Qiong 01 min Chu No. 393) is as follows:

“Plaintiff: Hu Hailin, defendant: Xindazhou. The judgment is as follows:

1、 The defendant Xindazhou shall compensate the plaintiff Hu Hailin for the economic loss of 9192.32 Yuan due to the misrepresentation within 10 days from the effective date of this judgment;

2、 Other claims of the plaintiff Hu Hailin were rejected.

If the obligation to pay money is not performed within the period specified in this judgment, the debt interest during the period of delayed performance shall be doubled in accordance with Article 253 of the Civil Procedure Law of the people’s Republic of China.

The case acceptance fee is 1304.25 yuan, 1105.09 yuan for the plaintiff Hu Hailin and 199.16 yuan for the defendant Xindazhou.

If you are not satisfied with this judgment, you may, within 15 days from the date of service of the judgment, submit a petition of appeal to this court, submit copies according to the number of opposite parties or representatives, and appeal to the higher people’s Court of Hainan Province. ” 2. The contents of the other 11 civil judgments in addition to money are the same as above, and the statistics of the compensation amount of 12 judgments are as follows: (unit: yuan)

Litigation amount of the first party’s surname (the final case name of the total number of compensation cases accepted by the court) compensation for losses Xindazhou amount

Burden amount

1 (2021) qiong01 minchu No. 393 Hu Meilin 60170 9192.32 199.16 9391.48

2 (2021) qiong01 minchu No. 394 Huang Jianhua 5170 843.74 8.16 851.9

3 (2021) qiong01 minchu No. 396 Cen Wenyi 20431 10590.24 161.09 10751.33

4 (2021) qiong01 minchu No. 397 Hong renkui 50170 22868.10 480.54 23348.64

5 (2021) qiong01 minchu 456 Zuo Dongbin 5085.8 158.94 1.56 160.5

6 (2021) Junwei 15770.4 2243.23 27.63 2270.86, No. 457 Road, minchu, qiong01

7 (2021) Qiong 01 minchu No. 460 Xiao chuhu 20266.46 245.01 3.7 248.71

8 (2021) qiong01 minchu No. 461 Zhou Jiaping 24119 6189.26 103.41 6292.67

9 (2021) Qiong 01 minchu No. 462 Ye Jianqiang 67023 20490.81 451.12 20941.93

10 (2021) qiong01 minchu No. 463 Gong Jun 16529.04 3196.03 41.23 3237.26

11 (2021) qiong01 minchu No. 464 yuan Jianbo 35616.91 17360.49 336.53 17697.02

12 (2021) qiong01 minchu 465 Li Changshan 22816 1304.61 21.18 1325.79

Total 343167.61 94682.78 1835.31 96518.09

Note: after the case of Li Changshan is revoked and remanded for retrial, a new judgment will be made in this first instance.

(II) the company has recently received 13 civil judgments issued by the higher people’s Court of Hainan Province

((2021) qiongmin Zhong No. 905, 907-909, 962-969 and 1010): one case was changed; Remaining 12

The appeal of the company was rejected and the original judgment was upheld in the second instance. The specific compensation amount of the judgment is as follows: (unit:

(yuan)

Remarks of the first instance and the second instance: the amount of the lawsuit in the original instance shall come into force, and the compensation shall be awarded to the company

No. 2 case No. 1 case No. plaintiff’s (final) capital loss (excluding the burden of litigation)

Name of case (costs)

Fee management fee management fee

1 (2021) qiongminzhong No. 905 (2021) qiong01 minchu No. 105 Huang Mingying 2628.86 146.87 2.79 50

2 (2021) qiongminzhong No. 907 (2021) qiong01 minchu No. 222 Qin Zhiyuan 179945.17 35424.25 767.69 685.61

3 (2021) qiongminzhong No. 908 (2021) qiong01 minchu No. 223 Wang Yongding 14921.78 5909.37 68.52 50

The second instance revised judgment (I 4 (2021) qiongmin Zhong No. 909 (2021) Qiong 01 min Chu No. 314 Pu chunqiang’s judgment of the second instance compensated 136293.9 24284.47 96.18 457.66 in the amount of

4315.12 yuan)

5 (2021) qiongminzhong No. 962 (2021) qiong01 minchu No. 236 Gu danrong 40689.22 1919.81 38.56 50

6 (2021) qiongminzhong No. 963 (2021) qiong01 minchu No. 237 Zhang Shiyang 13612.17 2546.81 26.25 50

7 (2021) qiongminzhong No. 964 (2021) qiong01 minchu No. 239 fan Liufang 59085.94 12531.13 270.86 113.28

8 (2021) qiongminzhong No. 965 (2021) qiong01 minchu No. 240 Liu chrysanthemum 2565.12 674.74 13.15 50

9 (2021) qiongminzhong No. 966 (2021) qiong01 minchu No. 241 Luan Qijing 17474.88 4832.43 65.5 50

ten

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