*St Carey (002072): Court Decision Approving Reorganization Plan

* ST Carey (002072. SZ) announced that, according to the provisions of Article 86 of the enterprise bankruptcy law of the people's Republic of China, the company submitted an application for ruling to approve the reorganization plan to the Jingmen intermediate people's court. On December 8, 2021, the company received the civil ruling (2021) E08 Minbo 1 issued by Jingmen central court, The ruling of Jingmen intermediate court: approve the reorganization plan of kairuide Holding Co., Ltd. and terminate the reorganization procedure of kairuide Holding Co., Ltd. this ruling is the final one.

After the Jingmen intermediate people's court decided to approve the reorganization plan, the company entered the implementation stage of the reorganization plan, which was implemented by the company. Under the supervision of the manager, the company will promote the implementation of the reorganization plan in accordance with the law and in strict accordance with the provisions of the reorganization plan, so as to ensure that the implementation of the reorganization plan is completed within the legal time limit in accordance with the law and efficiency.

According to the classification, adjustment and settlement scheme of creditor's rights and interests, operation plan of investor's rights and interests, and debt settlement of the company, the implementation of the reorganization plan may have certain impact on the company's net profit in 2021 and net assets at the end of 2021. The specific data shall be subject to the audited financial statement data of 2021.