000524SZSE
🚨 Material Event

Announcement on the Progress of Issuing Shares and Paying Cash to Purchase Assets and Raising Supporting Funds and Connected Transactions

✨ AI Summary

This announcement details the progress of Guangzhou Lingnan Group Holdings Co., Ltd.'s plan to acquire 85% of Guangzhou Guangdian City Services Group Co., Ltd. by issuing shares and paying cash, and raising supporting funds. The transaction is expected to constitute a major asset restructuring and a connected transaction. Key work such as audits and valuations is ongoing, with further board and shareholder approvals pending.

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Full Translation

AI Translation· gemini_document

Securities Code: 000524

Securities Abbreviation: Lingnan Holdings

Announcement No.: 2026-035

Guangzhou Lingnan Group Holdings Co., Ltd.

Announcement on the Progress of Issuing Shares and Paying Cash to Purchase Assets and Raising Supporting Funds and Connected Transactions

Important Notice: The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.

Special Reminder:

  1. Guangzhou Lingnan Group Holdings Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Guangzhou Lingnan Group Holdings Co., Ltd. Issuing Shares and Paying Cash to Purchase Assets and Raising Supporting Funds and Connected Transactions Pre-plan" (hereinafter referred to as the "Transaction Pre-plan") and its summary on July 8, 2026. The Transaction Pre-plan has detailed the risk factors involved in this transaction and the approval procedures that are still to be completed. Investors are requested to read the relevant content carefully and pay attention to investment risks.

  2. As of the disclosure date of this announcement, apart from the risk factors disclosed in the Transaction Pre-plan, the Company has not found any matters that may cause the transaction to be suspended or require substantial changes to the transaction plan. The Company will continue to actively promote the relevant work of this transaction and, based on the progress of relevant matters, will strictly fulfill its information disclosure obligations in accordance with the provisions of laws and regulations in a timely manner.

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