* ST Carey announcement, Jingmen Intermediate people's Court ruled to approve the company restructuring plan and terminate the company reorganization process. Based on the existing share capital of Escalade, the capital reserve fund will be implemented to increase the share capital at the rate of 10.8909 shares for every 10 shares, with a total increase of about 192 million shares. After the increase, the total share capital of Escalade will increase to 368 million shares. 192 million shares of the above-mentioned capital accumulation fund will not be allocated to the original shareholders, of which 95.58 million shares will be conditionally transferred by the restructuring investor, 50 million shares will be used to pay off debts, and 46.1 million shares will be realized by the manager with reference to the secondary market price. the realized proceeds are used to develop the company's business.
*ST凯瑞：法院裁定批准重整计划
* ST Carey: the court ruled to approve the reorganization plan
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