St Gaosheng (000971): Xiantao Court Decided To Dispose Of 90178582 Shares Held By Landing Industry According To Law

St Gaosheng (000971) announced on the evening of March 17 that Yurui Xintong equity investment partnership (limited partnership) of Ningbo Free Trade Zone Yurui Xintong equity investment partnership (limited partnership) of landing industry holding 90 million shares of the company held by landing industry applied to Xiantao court, It is required that 90 million shares of the Pledged Shares be compensated for part of Yurui Xintong's secured priority creditor's rights at the starting price of the third auction of 2.20 yuan per share, with a total amount of 198 million yuan. The remaining 178582 shares not pledged will be purchased by Yurui Xintong in cash at 2.20 yuan per share and 392880.40 yuan in total. The plan was approved by the administrator and approved by the fourth creditors' meeting of landing industry. On March 15, 2022, Xiantao court made a civil ruling (2021) e 9004 No. 1, confirming that the manager of landing industry disposed of the company's 90178582 shares in the above manner.