*St Carey (002072): Received The Civil Ruling

Announcement on receipt of civil ruling by Kairui Holding Co., Ltd

The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions in the announcement.

Kairuide Holding Co., Ltd. (hereinafter referred to as "the company") received the civil ruling No. (2020) zh0110 minchu No. 7326 served by the people's Court of Yuhang District, Hangzhou on August 12, 2020, and learned that Hangzhou Yuhang sub branch of China CITIC Bank Co., Ltd. filed a complaint with the people's Court of Yuhang District of Hangzhou city on May 26, 2020 against the company and Zhejiang fifth quarter Industrial Co., Ltd Civil proceedings are filed by the court. At present, the company is implementing the specific situation of the case, and the contents of the (2020) zh0110 early Republic of China No. 7326 civil ruling are announced as follows:

I. specific contents of civil ruling

Plaintiff: Hangzhou Yuhang sub branch of China CITIC Bank Co., Ltd., domicile: No. 2, South Street, Nanyuan street, Yuhang District, Hangzhou City, Zhejiang Province. Representative: Wang chenye, President of the bank.

Entrusted agent: Cao Lingling, employee of the bank.

Defendant: Zhejiang fifth quarter Industrial Co., Ltd., domicile: room 10, third floor, No. 1 Caihe Wu'an Road, Jianggan District, Hangzhou City, Zhejiang Province.

Manager: Zhejiang dianjin law firm.

Defendant: kairuide Holding Co., Ltd., address: No. 18, Shunhe West Road, Dezhou City, Shandong Province. Legal representative: Li Yanmei.

Defendant: 5th quarter International Petrochemical (Shenzhen) Co., Ltd., with its domicile at Room 201, building a, comprehensive office building of Qianhai Shenzhen Hong Kong Cooperation Zone Administration Bureau, No.1 liyumen street, Qianwan 1st Road, Qianhai Shenzhen Hong Kong cooperation zone, Shenzhen, Guangdong Province (settled in Shenzhen Qianhai commercial secretary Co., Ltd.). Legal representative: Tong Xiaofei.

Defendant: Hangzhou No.5 e-commerce Co., Ltd., domicile: Xingyi village, Beigan street, Xiaoshan District, Hangzhou City, Zhejiang Province. Legal representative: Wang Xuan.

Defendant: the fifth quarter International Investment Holding Co., Ltd., with its domicile at 2503-1, 21st floor, building 4, 93 Jianguo Road, Chaoyang District, Beijing. Legal representative: Wu lianmo. Defendant: Wu lianmo, male, born on February 16, 1972, Han nationality, living in Zhejiang Province. ID number: 330327.

Defendant: Zhang Zhusheng, female, born on June 2, 1970, a resident of the Hong Kong Special Administrative Region, now residing in Zhejiang Province. Hong Kong identity card number: P.

The plaintiff, CITIC Bank Co., Ltd., Hangzhou Yuhang sub branch, sued the defendant Zhejiang fifth quarter Industrial Co., Ltd., kairuide Holding Co., Ltd., the fifth quarter International Petrochemical (Shenzhen) Co., Ltd., Hangzhou fifth quarter e-commerce Co., Ltd., the fifth quarter International Investment Holding Co., Ltd., Wu lianmo and Zhang Zhusheng Zhejiang dianjin law firm, the manager of Zhejiang dianjin law firm, informed us that Hangzhou intermediate people's court had ruled to accept the application for bankruptcy liquidation of Zhejiang fifth quarter Industrial Co., Ltd., and the acceptance time was earlier than the filing time of this case.

The court holds that, according to the provisions of Article 21 of the enterprise bankruptcy law of the people's Republic of China, after the people's court has accepted the bankruptcy application, the civil litigation of the debtor concerned can only be filed with the people's court that accepts the bankruptcy application. After investigation, on May 12, 2020, Hangzhou intermediate people's court ruled to accept the application for bankruptcy liquidation of Zhejiang fifth quarter Industrial Co., Ltd.; the plaintiff of this case, Hangzhou Yuhang sub branch of China CITIC Bank Co., Ltd., filed a lawsuit against the defendant Zhejiang fifth quarter Industrial Co., Ltd. on May 26, 2020, and the court filed the case for acceptance on the same day. The filing time of this case is later than the time when Hangzhou intermediate people's court decides to accept the application for bankruptcy liquidation of Zhejiang fifth quarter Industrial Co., Ltd. according to Article 21 of the enterprise bankruptcy law of the people's Republic of China, the court does not have jurisdiction over the case, and the case should be transferred to Hangzhou intermediate people's court for trial. Accordingly, in accordance with Article 21 of the enterprise bankruptcy law of the people's Republic of China, Article 35 of the Civil Procedure Law of the people's Republic of China, paragraph 1 (11) of Article 154, and article 211 of the interpretation of the Supreme People's Court on the application of the Civil Procedure Law of the people's Republic of China, the ruling is as follows:

The case was transferred to Hangzhou intermediate people's court for trial.

2、 Impact on the company

At present, the company is further implementing the case, and it is temporarily unable to judge the impact of the case on the current and future profits of the company. The company will actively implement the case and timely fulfill the obligation of information disclosure in accordance with relevant provisions.

3. Other undisclosed litigation and arbitration matters

According to the lawyer's verification and sorting out, the company has fully disclosed the known litigation matters in the daily announcement and periodic report. At the same time, the company will entrust the lawyer to continuously check the litigation related matters, and will timely supplement and disclose other litigation matters that meet the information disclosure standards but have not been disclosed according to the latest verification.

4、 Documents for reference

1. (2020) zh0110 No. 7326 civil ruling.

It is hereby announced

Board of directors of Kairui Holding Co., Ltd

August 13, 2020