*ST Velvet ((000982): Reorganization Plan Capital Reserve To Increase Stock.

*ST 000982.SZ announced that according to the "investor rights and interests adjustment plan", the reorganization was based on the total share capital of the A stake in the Bank of China (cashmere) industry, and the capital reserve fund was converted to equities based on the proportion of about 13.61 shares per 10 shares. The total number of shares increased by about 2 billion 456 million 830 thousand shares (the final increase in the number of accurate stocks was based on the actual registration confirmation number of the Shenzhen branch of the central bank). The total share capital of the cashmere industry will increase from about 1 billion 805 million 40 thousand shares to about 4 billion 261 million 880 thousand shares. The capital reserve fund will not be allocated to the original shareholders of the Bank of China, and the manager will deal with it according to the provisions of the reorganization plan and allocate the debt to the creditors. The transferred share shall be directly allocated to the designated securities account of the creditor or investor or to the securities account of the manager.

The registration date for this capital surplus is December 24, 2019, and the listing date for the increase is December 25, 2019.