Announcement on the Progress of Major Litigation

✨ AI Summary

The company announces a first-instance civil judgment regarding a loan dispute. The court ordered the primary defendant to repay the principal and interest, with the company and another defendant jointly liable for repayment. The company may seek recourse from the primary debtor. The judgment is not yet effective, and the impact on the company's finances remains uncertain.

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Full Translation

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Securities Code: 002717

Abbreviated Name: *ST Lingnan

Announcement No.: 2026-067

Lingnan Eco-culture Tourism Co., Ltd.

Announcement on the Progress of Major Litigation

The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

Key Information Prompt:

Litigation Stage: First-instance civil judgment
Party's Status: Defendant
Amount Involved: RMB 28,217.08 million (interest accrued up to January 3, 2026, excluding litigation fees)
Impact on Company's Profit and Loss: This is a first-instance civil judgment, which is not yet effective. The execution results of the subsequent case are still uncertain. The Company will make corresponding accounting treatment in accordance with the requirements of relevant accounting standards and the actual progress of the case.

I. Basic Situation of the Litigation Case

China Agricultural Development Bank Dongguan Branch ("Agricultural Development Bank" or "Plaintiff") filed a lawsuit with the Intermediate People's Court of Dongguan City due to a financial loan contract dispute. The defendants were Lingnan Water (Zijin) Co., Ltd. (Defendant One), Lingnan Eco-culture Tourism Co., Ltd. (Defendant Two), and Shanghai Hengrun Digital Technology Group Co., Ltd. (Defendant Three). The Plaintiff's claims are:

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