*ST Mei Valley: After the capital reserve is converted into share capital, the opening reference price will be adjusted.

ST Mei Valley announced that the company will implement a capital reserve increase by issuing 13.4278 shares for every 10 shares held, based on the current total share capital of 7.63 billion shares, totaling 10.25 billion new shares. After the increase, the total share capital will increase to 17.87 billion shares. The record date for equity registration is December 26th, and the stock will be suspended on that day with a closing price of 4.18 yuan per share, higher than the average price of 3.05 yuan per share for the new shares. The opening reference price on December 29th will be adjusted to 3.53 yuan per share. The company's stock will be suspended from trading for one day on December 26th and resume trading on December 29th. In addition, the company's restructuring plan has been approved, and if it is not properly executed or if certain conditions occur by 2025, the stock will face the risk of being delisted.