Announcement on Judicial Auction of Part of Shareholder's Shares
The company and all members of the board of directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Special Reminder:
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The shares to be judicially auctioned are non-tradable shares held by Mr. Yin Hongwei of Lingnan Eco-Culture Tourism Co., Ltd. (hereinafter referred to as the "Company"), totaling 30,700,000 shares, accounting for 1.69% of the company's total share capital.
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Shareholder Mr. Yin Hongwei is not a controlling shareholder of the company or their concerted parties.
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This auction matter is currently in the public notice phase. The court has the right to suspend or withdraw the auction before or during the auction according to legal provisions. Subsequent steps may involve bidding, payment, and equity transfer. The auction results are uncertain. Investors are advised to invest rationally and be aware of investment risks.
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If all 30,700,000 shares are successfully auctioned and transferred, Mr. Yin Hongwei's shareholding will decrease from 31,291,617 shares (1.72% of the company's total share capital) to 591,617 shares (0.03% of the company's total share capital). The controlling shareholder, Zhongshan Huaying Industrial Investment Partnership (Limited Partnership), and its concerted party, Zhongshan Torch Huaying Investment Co., Ltd., will have their combined voting shares decrease from 133,582,192 shares (7.34% of the company's total share capital) to 102,882,192 shares (5.65% of the company's total share capital). Given the public nature of judicial auctions, the identity of the transferee is uncertain, and it is uncertain whether this will lead to a change in the company's control. Investors are advised to invest rationally and be aware of investment risks.
I. Basic情况 of This Auction
Recently, the company learned that a portion of the non-tradable shares held by Mr. Yin Hongwei will be judicially auctioned by the Intermediate People's Court of Dongguan City, Guangdong Province through the JD.com judicial auction platform. The specific matters are as follows: