St Jinzheng: progress announcement on restructuring of controlling shareholders

Securities code: 002470 securities abbreviation: St Jinzheng Announcement No.: 2022-013 Kingenta Ecological Engineering Group Co.Ltd(002470)

Announcement on the progress of restructuring of controlling shareholders

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.

Kingenta Ecological Engineering Group Co.Ltd(002470) (hereinafter referred to as the "company" or "listed company") received the notification letter from the controlling shareholder Linyi Jinzhengda Investment Holding Co., Ltd. (hereinafter referred to as "Linyi Jinzhengda") and the forwarded civil ruling and decision of Linshu County People's Court on December 11, 2020. Linshu County people's court accepted the reorganization application of Linyi Jinzhengda, For details, please refer to securities times, Securities Daily, China Securities News, Shanghai Securities News and cninfo.com published by the company on December 12, 2020( http://www.cn.info.com.cn. )Suggestive announcement on the application of controlling shareholders for bankruptcy reorganization (Announcement No.: 2020-094).

On January 21, 2022, the company received the notice on restructuring progress from the manager of Linyi Jinzhengda Investment Holding Co., Ltd. (hereinafter referred to as "Linyi Jinzhengda manager"), the contents of which are as follows:

The fourth creditors' meeting of Jinzhengda in Linyi was held on the "national enterprise bankruptcy reorganization case information network" by means of online meeting at 9:30 on January 5, 2022( http://pccz.court.gov.cn. )When the platform was held, there was one matter to be voted at this creditors' meeting, that is, voting on the amendment to the draft reorganization plan. Since some creditors need to perform internal approval procedures for voting, they cannot complete the voting on the day of the meeting, and need to further communicate with some creditors to obtain the approval of creditors, the voting period of this meeting is until January 20, 2022 (including 20 days). At present, the above voting period has expired. Linyi Jinzhengda manager made statistics on the voting results of the fourth creditors' meeting, and the statistical results are as follows:

(I) tax claim group

Among the creditors attending the fourth creditors' meeting of Jinzhengda in Linyi, there was one creditor with voting right in the tax creditor's group and one creditor with voting consent. The creditors with voting consent exceeded half of the creditors of the voting group attending the meeting; The amount of creditor's rights represented by the voting creditor is 79969607.20 yuan, accounting for 100.00% of the total amount of creditor's rights in this group, exceeding two-thirds of the total amount of creditor's rights in the tax creditor's rights group. The tax creditor group voted to adopt the amendment to the draft reorganization plan.

(II) secured creditor's rights group

Among the creditors attending the fourth creditors' meeting of Jinzhengda in Linyi, there were 3 creditors with voting rights in the property secured creditor group and 1 creditor who voted and agreed. The creditors who voted and agreed did not exceed half of the creditors of the voting group attending the meeting; The amount of creditor's rights represented by the creditors who voted and agreed was 2633823.41 yuan, accounting for 0.07% of the total amount of creditor's rights of the group, which did not exceed two-thirds of the total amount of creditor's rights of the group with property secured creditor's rights. The property secured creditor group adopted the amendment to the draft reorganization plan without a vote.

(III) ordinary creditor group

Among the creditors attending the fourth creditors' meeting of Jinzhengda in Linyi, there were 23 ordinary creditors with voting rights and 6 creditors who voted and agreed. The creditors who voted and agreed did not exceed half of the creditors of the voting group attending the meeting; The amount of creditor's rights represented by the voting creditors is 4061939568.52 yuan, accounting for 36.80% of the total amount of creditor's rights of this group, which does not exceed two-thirds of the total amount of creditor's rights of the ordinary creditor's rights group. The ordinary creditor group adopted the amendment to the draft reorganization plan without a vote.

In addition, the contributor group has not voted on the adjustment of the contributor's rights and interests.

Some creditors said that due to the short voting period and approaching the Spring Festival holiday, they could not complete the internal decision-making procedures within the voting period, so some creditors have applied in writing to the manager of Linyi Jinzhengda for extension of the voting period. Next, the manager of Linyi Jinzhengda will report the matters of the creditor's application for extension of voting and the reorganization of the case to the people's Court of Linshu County, and notify the company after being approved by the people's Court of Linshu county.

The risk indicates that there is great uncertainty in the reorganization of Linyi Jinzhengda, the controlling shareholder of the company, and there is a risk of being declared bankrupt and transferred to bankruptcy liquidation procedures. Please invest rationally and pay attention to the risk. The company will timely perform the obligation of information disclosure in accordance with relevant laws and regulations and the progress of Linyi Jinzhengda bankruptcy reorganization case.

The information disclosure media designated by the company are securities times, China Securities News, Shanghai Securities News, securities daily and cninfo.com( http://www.cn.info.com.cn. ), all information of the company shall be subject to the information published in the above designated media. Investors are invited to pay attention to investment risks.

It is hereby announced.

Kingenta Ecological Engineering Group Co.Ltd(002470) board of directors January 21, 2002

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