*ST Middle Velvet ((000982): The Manager Has Received The Full Amount Of The Company'S Capital Reserve Fund And The Asset Price.

The Limited by Share Ltd of Ningxia BOC cashmere industry has received a full amount of capital reserves from some companies.

Announcement of the increase in stocks and assets to the price

All members of the company and the board of directors guarantee the authenticity, accuracy and completeness of the information disclosure. There is no false record, misleading statement or major omission.

The Limited by Share Ltd of Ningxia cashmere industry (hereinafter referred to as "the company") disclosed in December 4, 2019 the announcement of the "Limited by Share Ltd of Ningxia cashmere industry" on the announcement of the manager's bid for disposing of the capital reserve of some companies and the results of the assets transaction (announcement number 2019-129) in the specified information disclosure media. In April 10, 2020, the company disclosed in the specified information disclosure media. The announcement of the Limited by Share Ltd of Ningxia Bank of China (CFA) on the management of the capital stock accumulation and the payment of the assets consideration by some managers by bidding. (Announcement No. 2020-26). In April 24, 2020, the company received the notification from the administrator that the consortium had paid the bid price in full.

"Limited by Share Ltd of Ningxia cashmere industry":

According to the provisions of the reorganization plan, the shares and assets transferred to the capital reserve of your company shall be disposed of by the manager in accordance with the law. After the open bidding process, the manager confirmed the joint venture of the Heng Tian Jinshi Cci Capital Ltd, Beijing China Merchants Huatong Technology and Trade Co., Ltd., Ningxia Yue Shang Technology Development Co., Ltd., Ningxia Kai Wo Xin enterprise management consulting partnership (limited partnership), Sun Na, Zhang Yu, Zou Houjun and Chen Kaijun, and the transferee to increase the stock and disposal assets of the company. The total transaction cost of disposal of assets is RMB 2 billion 50 million yuan.

As of April 24, 2020, the administrator account has received $150 million. So far,

The total price of the stock and disposal assets has been paid by the consortium. " Notice hereby.

Reference documents:

1, the company manager "notification of the consortium has paid the bid price in full."

The board of Limited by Share Ltd of Ningxia BOC cashmere industry

Two April 25th two