*0008% Of Shares Held By The Second Largest Shareholder

On July 27, * ST Gaosheng (000971. SZ) announced that the company had received the notification letter No. 004 [2020] issued by the bankruptcy administrator of landing industry (Hubei) Co., Ltd. (landing industry), the second largest shareholder of the company.

The company disclosed that the second creditors' meeting of landing industry passed the "proposal on applying for bankruptcy liquidation and asset disposal of landing industry (Hubei) Co., Ltd.". Upon the application of the pledgee and the approval of the people's Court of Xiantao City, Hubei Province (Xiantao court), the administrator will conduct the first public overall auction of about 90.1786 million shares (8.55% of the company's total share capital) held by landing industry.

According to the content of the notification letter issued by the manager of landing industry, the administrator received a written notice from the Xiantao court. In order to ensure the synchronization or coordination between the bankruptcy case of landing industry and the bankruptcy liquidation case of Beijing court, which is conducive to the healthy development of Gaosheng holdings, it is not suitable to conduct public auction of the bankrupt assets before landing industry is declared bankrupt. According to the written notice requirements of Xiantao court, the manager of landing industry decided to postpone the judicial auction of shares originally scheduled from 10:00 a.m. on August 17, 2020 to 10:00 a.m. on August 18, 2020, and the auction time shall be subject to the court notice and relevant announcement.