Guosheng Financial Holding Inc(002670) : announcement of litigation progress

Securities code: 002670 securities abbreviation: Guosheng Financial Holding Inc(002670) Announcement No.: 2022-003 Guosheng Financial Holding Inc(002670)

Litigation progress announcement

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、 Basic information of this lawsuit and information disclosure in the early stage

In December 2020, Zhao Cen filed a lawsuit against the company based on the dispute over the confirmation of the effectiveness of the company’s resolution. For details, see the announcement on litigation matters (Announcement No.: 2020-086) disclosed by the company on December 25, 2020.

On December 21, 2021, the company received the civil judgment (2020) Yue 0304 min Chu No. 60424 served by Futian District People’s Court of Shenzhen. The judgment is as follows:

(I) reject all claims of the plaintiff Zhao Cen;

(II) the case acceptance fee of 100 yuan (paid in advance by the plaintiff) shall be borne by the plaintiff;

(III) if you are not satisfied with this judgment, you may submit a petition of appeal to this court within 15 days from the date of service of the judgment, submit copies according to the number of the other parties, appeal to the intermediate people’s Court of Shenzhen City, Guangdong Province, and pay the acceptance fee of the appeal case in advance within 7 days from the next day after receiving the notice of advance payment of the appeal fee. If it fails to pay in advance within the time limit, it shall be treated as automatic withdrawal of appeal.

2、 Progress of this lawsuit

The company recently received the petition of appeal from Zhao Cen, who appealed to Shenzhen intermediate people’s court against the ruling result of the civil judgment of Futian District People’s Court of Shenzhen. The details are as follows:

(I) appellant (plaintiff of first instance): Zhao Cen

(II) appellee (defendant of first instance): Guosheng Financial Holding Inc(002670)

(III) appeal request:

1. Revoke (2020) Yue 0304 min Chu No. 60424 civil judgment, and change the judgment to support the appellant’s claim.

2. The litigation costs of this case shall be borne by the appellee.

3、 Other instructions

This lawsuit will not have a direct impact on the company’s current or future profits. 4、 File for future reference: petition of appeal. It is hereby announced

Guosheng Financial Holding Inc(002670) board of directors January 18, 2002

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