*ST Velvet (000982): Suspension Since November 7Th.

*ST 000982.SZ announced that the second creditor meeting of the cashmere industry will be held at 9:30 a.m. on November 13, 2019. The cashmere industry sponsor group meeting will be held in November 13, 2019 on the spot and online voting.

The creditors' meeting will be voted by the creditors of the conference on the reorganization plan of the Ningxia Limited by Share Ltd. The main contents of this draft are the investor's rights and interests adjustment plan, the classification and adjustment plan of creditor's rights, the debt repayment plan and the management plan. The investor group meeting will be voted by the participants' shareholders on the investor rights adjustment plan. The main content of the plan is the necessity of adjusting the rights and interests of investors, the scope of adjustment and the way of adjustment.

According to the provisions of article 12.1 of the Shenzhen Stock Exchange Listing Rules (2018 Revision) and the provisions of Article 1, fifth and tenth of the information disclosure guidelines No. second of the Shenzhen stock exchange, the resumption of licensing business, the creditors' meeting involves voting by the creditors of the reorganization plan (Draft), and this contributor's group meeting involves voting by shareholders. The company's management plan is to carry out necessary communication with creditors. In order to ensure fair information disclosure, safeguard the legitimate rights and interests of investors, and avoid causing abnormal fluctuations in stock prices, the company has applied for a continuous suspension from the opening of the Shenzhen stock exchange after its application to the stock exchange of Shenzhen. The reorganization plan (Draft) was voted by the creditors' meeting and the investor's rights and interests were adjusted. After the announcement of the scheme and the announcement by the manager of the meeting of the creditors meeting and the sponsor group meeting, the company will apply for a resumption of the card to the Shenzhen stock exchange according to the regulations.