*ST Medium Velvet ((000982): About 481 Million 500 Thousand Shares In The Cashmere Group Are Waiting For New Freeze.

*ST 000982.SZ, announced today that the company through the China Securities Depository and Clearing Co., Ltd. Shenzhen branch system inquiry, learned that the controlling shareholder of Ningxia Bank of China (000982) International Group Co., Ltd. ("Zhong Rong Group") shares of the company's new stock freeze, waiting for freezing of about 481 million 500 thousand shares, waiting for the freezing date of May 21, 2019, the waiting period of 36 months, waiting for the Shanghai Municipal Intermediate People's court.

As of the date of announcement, the company has not yet received any other legal documents, notices or other information about the court's civil ruling on the above matters, except for the data acquired by the first intermediate people's court in Shanghai.

The company will maintain communication with the Cashmere Group, and urge them to provide timely progress in related matters and fulfill their obligation to disclose information in a timely manner.

As of the announcement day, the controlling shareholder has 481 million 500 thousand shares in the company's stake, accounting for 26.6751% of the total share capital of the company, and 481 million 496 thousand shares of the company's total Pledged Shares, accounting for 26.675% of the total share capital of the company, accounting for 99.9999% of the shares held by the Cashmere Group, and about 481 million 500 thousand shares of the company's shares held by the central government are all frozen by the judiciary, and their shares have been frozen for 10 times (including the waiting freeze for the disclosure).