Announcement on Abnormal Fluctuations in Company Stock Price
The company and its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
1. Stock Trading Abnormal Fluctuation Situation
Lingnan Ecology and Culture Tourism Co., Ltd. (hereinafter referred to as "the Company") stock (stock name: *ST Lingnan; stock code: 002717) experienced a cumulative decline of over 12% in its closing price on June 17, 2026, June 18, 2026, and June 22, 2026, for three consecutive trading days. According to the relevant regulations of the Shenzhen Stock Exchange, this constitutes an abnormal fluctuation in stock trading.
2. Company Verification of Relevant Situation
In response to the abnormal stock trading fluctuations, the Company has investigated relevant matters. The Company's board of directors has verified these issues through telephone calls, inquiries, and other means with the Company, its actual controller, shareholders holding 5% or more of the shares, company directors, and senior management. The relevant situation is hereby described as follows:
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On June 3, 2026, the Company disclosed the "Announcement on the Company and Related Parties Receiving <Notice of Preliminary Administrative Penalty>". The Company and related parties received a "Notice of Preliminary Administrative Penalty" issued by the Guangdong Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as "Guangdong Securities Regulatory Bureau"), which legally proposes to impose administrative penalties on the Company and related parties. The final result of this administrative penalty is subject to the "Administrative Penalty Decision" issued by the Guangdong Securities Regulatory Bureau. The Company will continue to pay attention to the progress of this matter and fulfill its information disclosure obligations in a timely manner.
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The Company disclosed relevant announcements such as the "2025 Annual Report" and "2026 First Quarter Report," detailing the Company's production and operation situation during the relevant reporting periods, future development, and risks faced. Investors are requested to pay attention to the content of the Company's above-mentioned announcements, make rational decisions, and be aware of investment risks.