(000982): Cashmere Business Has Not Been Fully Recovered

Some investors have asked bank of China (000982) a question, Hello: the European energy crisis is about to usher in the coldest winter. May I ask if the orders and sales volume of cashmere products exported by the company will bring positive effects!

The company replied, "Hello! Affected by the epidemic situation, the export business of cashmere sweaters, cashmere scarves and other cashmere products has not been fully recovered in the first half of 2022. Due to the impact of the conflict between Russia and Ukraine, the rise of energy prices has led to the rise of European prices, the sluggish consumption, the lengthening of international trade cycle and the increase of risks, which need to be treated with more caution.