Jin Yu Che Cheng (000803): Progress Of Major Litigation

Sichuan Jinyu Motor City (Group) Limited by Share Ltd announcement of major litigation progress

All members of the company and the board of directors guarantee that the contents of the information disclosure are true, accurate and complete, without false records, misleading statements or major omissions.

I. The basic situation of the case

Plaintiff Sichuan Xinyu Construction Engineering Co., Ltd. filed a lawsuit against Nanchong Jialing District People's court. The defendant, Sichuan Jinyu Motor City (Group) Limited by Share Ltd (hereinafter referred to as "company"), Nanchong Jinyu Real Estate Development Co., Ltd. (hereinafter referred to as "Jinyu real estate"), a contract for the construction of interior decoration works in Tiancheng City, the contract fixed price of the project is 23890974 yuan, and the defendant still owes the plaintiff 16214774 yuan for the project. The plaintiff's lawsuit requests the defendant to pay the 16214774 yuan and interest of the plaintiff's work which is owed to the plaintiff (according to the same period bank loan interest rate released by the people's Bank of China in the same period, the arrears of the time period, the arrears of interest to interest), and the defendant to bear the costs of the case and other expenses for the creditor's rights.

The details of the case are detailed in the cumulative litigation notice published by the company on April 9, 2019 in China Securities Journal and giant tide information online (Bulletin number: 2019-17).

Two. Progress in case proceedings

Jinyu real estate in August 14, 2019 received the civil judgment of Nanchong Jialing District People's Court (2018) Chuan 1304 early Republic of China No. 1151. The case is now terminated and the sentence is as follows:

1. The defendant Jin Yu property will pay the plaintiff Sichuan Xinyu Construction Engineering Co., Ltd. within ten days from the date when the judgment comes into force. The project cost 16214774 yuan for the construction of the renovation project of "Jinyu Shengshi Tiancheng".

2. Limit the defendant Jinyu property within ten days from the date when the judgment comes into effect, and pay the capital interest of the plaintiff Sichuan Xinyu Construction Co., Ltd. (Section 1): calculate the interest of the fund on the basis of piecewise calculation. The first stage is calculated on the basis of the 22696425.3 yuan as the base, according to the similar loan interest rate issued by the people's Bank of China, from December 26, 2014 to December 7, 2016. The second stage is calculated on the basis of 16020225.3 yuan as the base, according to the similar loan interest rate released by the people's Bank of China at the same period, from December 8, 2016 to December 30, 2016; third stage: Based on the 17214774 yuan as the base, calculated according to the similar loan interest rate released by the people's Bank of China during the same period, from December 31, 2016 to December 31, 2016.

Securities code: 000803 securities referred to: Jinyu car city announcement number: 2019 to January 15, 812019; fourth stage: 16214774 yuan as the base, according to the people's Bank of China released the same period of the same lending rate calculation, from January 16, 2019 until the end of the Qing Dynasty.

3, dismissed the plaintiff Sichuan Xinyu Construction Engineering Co., Ltd.'s other litigant claims. If the obligation of paying money is not fulfilled according to the period specified in this judgment, the debt interest of the delay in performance shall be doubled according to the 253rd provision of the Civil Procedure Law of the people's Republic of China. The cost of case acceptance is 119088 yuan and the cost of litigation preservation is 5000 yuan, totaling 124088 yuan, which is borne by defendant Jinyu real estate. If he is not satisfied with this judgment, he may submit his petition to the court within fifteen days from the date of the judgment, and submit a copy according to the number of the other party, and appeal to the intermediate people's Court of Nanchong, Sichuan.

Three. Execution of case judgments

Jinyu property is ready to appeal against the above decision, and relevant appeals are being prepared.

Four, the impact on the company

In the case of contract dispute, the accounts payable for relevant litigation are recorded, and the costs of litigation and preservation shall be included in the current profits and losses according to the final judgment of the case. We invite investors to pay attention to investment risk.

Five. Reference documents

Sichuan province Nanchong Jialing District People's court "civil judgment" (2018) Chuan 1304 early Republic of China No. 1151

Notice hereby.

Sichuan Jinyu Automobile City (Group) Limited by Share Ltd

Board of directors August 15, 2019