Core Viewpoint - ST Lingnan and ST Huaxi are facing delisting risks due to performance indicators hitting red lines, leading to the imposition of "*ST" status [1][3] Group 1: Financial Performance and Risks - ST Lingnan has reported continuous losses for three years, accumulating over 3.6 billion in losses, and has negative net assets [3] - ST Huaxi is expected to have negative net assets by the end of 2025, triggering delisting risk warnings [3] - Both companies have previously faced other risk warnings due to various issues, including information disclosure violations [3][5] Group 2: Regulatory Actions and Violations - ST Lingnan and its current controlling shareholder received a notice from the CSRC for suspected violations of information disclosure laws [5] - ST Lingnan was previously warned for inflating revenue and other financial discrepancies, leading to inaccurate disclosures in annual reports [5] - ST Huaxi's performance forecast was revised from profit to loss, raising concerns about its financial health [5] Group 3: Investor Compensation - Investors who suffered losses due to stock purchases during specific periods may seek legal recourse [8] - Specific time frames for potential claims against ST Lingnan and ST Huaxi have been outlined for affected investors [8]

关于股东部分股份被第二次司法拍卖的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 岭南生态文旅股份有限公司（以下简称"公司"）于 2026 年 1 月 16 日披露了 《关于股东部分股份被第二次司法拍卖的公告》，公司持股 5%以上股东尹洪卫先生 所持公司无限售条件流通股合计 25,000,000 股股份（占公司总股本 1.37%）被广东省 东莞市中级人民法院于 2026 年 2 月 2 日 14:00 时至 2026 年 2 月 3 日 14:00 时在京东 网络司法拍卖平台上进行司法拍卖。本次拍卖已按期进行，现将本次司法拍卖结果 公告如下： 证券代码：002717 证券简称：ST 岭南 公告编号：2026-013 岭南生态文旅股份有限公司 一、本次司法拍卖的进展情况 根据京东网络司法拍卖平台公布的《成交确认书》，具体情况如下： | 竞买人 | 竞买号码 | 标的股数（股） | 成交价（元） | 占公司总股 本比例 | | --- | --- | --- | --- | --- | | 芜湖盛晖企业 管理中心（有限 合伙） | 235475042 | ...

Core Viewpoint - Lingnan Ecological Culture and Tourism Co., Ltd. is preparing for the third phase of repayment for its convertible bonds, with ongoing efforts to secure funding and potential uncertainties in the repayment process [1][2][3]. Group 1: Repayment Arrangement - The third phase of repayment for the Lingnan convertible bonds is scheduled to occur before February 10, 2026, based on the remaining bond quantity after deducting amounts frozen due to legal or pledge restrictions [2]. - The company has completed the first and second phases of repayment on January 27, 2025, and July 31, 2025, respectively, leaving a remaining bond principal of 379.04 million yuan [2]. - The final repayment plan will be announced after the market closes on February 5, 2026, and will be managed by China Securities Depository and Clearing Corporation Limited [2]. Group 2: Important Reminders - The company is still actively seeking funds, and there may be uncertainties regarding the repayment process, urging investors to be cautious [3]. - The implementation of the third phase repayment will depend on the actual holdings of bondholders, with specific repayment methods subject to legal requirements [3]. - Bondholders are advised against transferring collateral or engaging in non-trading transfers that could jeopardize the repayment process [3]. Group 3: Contact Information - For inquiries, bondholders can contact the company's securities department at phone number 0769-22500085 or via email at ln@lingnan.cn [4][5].

Group 1 - The stock price of ST Lingnan (002717) closed at 1.59 yuan on February 2, 2026, down by 0.62%, with a turnover rate of 3.15% and a trading volume of 508,500 shares, amounting to a transaction value of 80.26 million yuan [1] - On February 2, 2026, the net inflow of main funds was 2.45 million yuan, indicating active participation from major investors, while retail investors experienced a net outflow of 1.40 million yuan [3] - Lingnan Ecological Cultural Tourism Co., Ltd. announced that it is unable to pay the principal and interest of the "Lingnan Convertible Bonds" on time due to insufficient cash funds, resulting in a downgrade of its credit rating to C [1][3] Group 2 - The company reported a significant decline in operating revenue and a net loss for the year 2024, with ongoing risks to its ability to continue operations [1] - As of January 2026, the company faced a large cumulative litigation amount with numerous ongoing cases, creating uncertainty regarding the impact on profits [1] - The third phase of repayment for the "Lingnan Convertible Bonds" is scheduled to occur by February 10, 2026, with the remaining bond principal amounting to 379.04 million yuan, although the repayment process carries significant uncertainty [1]

证券代码：002717.SZ 证券简称：ST 岭南 债券代码：128044.SZ 转债简称：岭南转债 岭南生态文旅股份有限公司 向不特定对象发行可转换公司债券 2026 年度第五次临时受托管理事务报告 债券受托管理人 二〇二六年二月 重要声明 本报告依据《可转换公司债券管理办法》《岭南生态文旅股份有限公司与广 发证券股份有限公司关于岭南生态文旅股份有限公司 2018 年公开发行的可转换 公司债券之受托管理协议》（以下简称"受托管理协议"）《岭南生态文旅股份 有限公司公开发行可转换公司债券募集说明书》（以下简称"募集说明书"）等 相关公开信息披露文件、第三方中介机构出具的专业意见等，由债券受托管理 人广发证券股份有限公司（以下简称"广发证券"）编制。广发证券对本报告 中所包含的从上述文件中引述内容和信息未进行独立验证，也不就该等引述内 容和信息的真实性、准确性和完整性做出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相 关事宜做出独立判断，而不应将本报告中的任何内容据以作为广发证券所作的 承诺或声明。在任何情况下，投资者依据本报告所进行的任何作为或不作为， 广发证券不承 ...

岭南生态文旅股份有限公司（以下简称"公司"）于2026年1月20日在巨潮资讯 网及指定信息披露媒体披露了《关于岭南转债第三期偿付安排的公告》（公告编号： 2026-005）。现将岭南转债第三期偿付的相关事项再次提示如下： 特别提示： | 证券代码：002717 | 证券简称：ST 岭南 | 公告编号：2026-012 | | --- | --- | --- | | 债券代码：128044 | 债券简称：岭南转债 | | 岭南生态文旅股份有限公司 关于"岭南转债"第三期偿付安排的提示公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 二、提醒事项 1、截至本公告披露日，公司仍在多渠道地筹措资金。资金兑付可能存在一定的 不确定性，敬请投资者注意风险； 2、第三期偿付方案的实施将根据债券持有人实际持有情况进行支付。对于存在 质押、冻结等权利受限情况的债券，待其权利受限情况解除后可予以偿付，具体偿 付方式及要求，须符合相关法律法规的要求，公司会将相应的偿付资金暂存于公司 的偿债账户中。如因司法冻结、划扣、担保品划转、转托管以及非交易过户等原因 造成拟偿付债券不足或债 ...

Core Viewpoint - A wave of delisting risk warnings was issued for 10 companies in the A-share market, including Deep Konka A and Jiyou Co., indicating potential delisting after the 2025 annual report due to financial indicators being breached [2] Group 1: Companies with Negative Net Assets - Six companies, including Deep Konka A, Banjie Co., ST Huaxi, ST Quanfeng, ST Kaiyuan, and *ST Jinling, are expected to have negative net assets by the end of 2025, which may lead to a delisting risk warning [3] - Deep Konka A (stock code: 000016) anticipates a net profit loss of between 12.581 billion and 15.573 billion yuan for 2025, with expected net assets ranging from -5.334 billion to -8.001 billion yuan [3] - The company attributes its significant losses and negative net assets to large impairment provisions on various assets and declining revenue in its core consumer electronics business [3] Group 2: Companies with Negative Profits and Revenue - Four companies, including Jiyou Co., ST Shuyuan, 365 Network, and ST Lingnan, are expected to have negative net profits and revenues below the required thresholds, triggering delisting risk warnings [5] - Jiyou Co. (stock code: 603429) forecasts a net profit loss of approximately 19 million yuan and revenue of around 170 million yuan, significantly below the 300 million yuan threshold [6] - 365 Network (stock code: 300295) expects a net profit loss between 57 million and 38 million yuan, with revenue projected between 10 million and 11 million yuan, potentially falling below the 100 million yuan threshold [7] - ST Lingnan (stock code: 002717) anticipates a net profit loss between 1.63 billion and 2.38 billion yuan, with revenue expected to be between 120 million and 180 million yuan, indicating severe financial distress [7]

Core Viewpoint - A wave of delisting risk warnings was issued for 10 companies in the A-share market, including Deep Konka A and Jiyou Co., indicating potential delisting risks due to negative financial indicators expected in their 2025 annual reports [1] Group 1: Companies with Negative Net Assets - Six companies, including Deep Konka A and Bangjie Co., are expected to have negative net assets by the end of 2025, which will likely lead to a delisting risk warning [2] - Deep Konka A (stock code: 000016) anticipates a net profit loss of between 12.581 billion yuan and 15.573 billion yuan for 2025, with expected net assets ranging from -5.334 billion yuan to -8.001 billion yuan [2] - Bangjie Co. (stock code: 002634) expects a net profit loss of 900 million yuan to 1.2 billion yuan and net assets of -900 million yuan to -600 million yuan by the end of 2025 [3] Group 2: Companies with Negative Profits and Revenue - Four companies, including Jiyou Co. and ST Lingnan, are projected to have negative profits and revenues below the required thresholds, triggering another type of delisting risk warning [4] - Jiyou Co. (stock code: 603429) forecasts a total profit loss of approximately 23 million yuan and revenue of around 170 million yuan, significantly below the 300 million yuan threshold [5] - ST Lingnan (stock code: 002717) is expected to have a total profit loss between 1.19 billion yuan and 1.78 billion yuan, with net assets projected to be between -1.4 billion yuan and -940 million yuan [6]

Core Viewpoint - A wave of delisting risk warnings was issued for 10 companies in the A-share market, including Deep Konka A and Jiyou Co., indicating potential delisting risks due to negative financial indicators expected in their 2025 annual reports [1] Group 1: Companies with Expected Negative Net Assets - Six companies, including Deep Konka A, are expected to have negative net assets by the end of 2025, which will likely lead to a delisting risk warning [2] - Deep Konka A (stock code: 000016) anticipates a net profit loss of between 12.581 billion and 15.573 billion yuan for 2025, with expected net assets ranging from -5.334 billion to -8.001 billion yuan [2] - The reasons for Deep Konka A's significant losses include large impairment provisions for various assets and declining revenue in its core consumer electronics business due to insufficient product competitiveness [2] Group 2: Companies with Expected Profit and Revenue Shortfalls - Four companies, including Jiyou Co. and ST Lingnan, are expected to have negative profits and revenues below the required thresholds, triggering delisting risk warnings [4] - Jiyou Co. (stock code: 603429) expects a total profit loss of around 23 million yuan and revenue of approximately 170 million yuan, significantly below the 300 million yuan threshold [5] - ST Lingnan (stock code: 002717) anticipates a total profit loss between 1.19 billion and 1.78 billion yuan, with net assets expected to be between -1.4 billion and -940 million yuan, indicating severe financial distress [6]

岭南生态文旅股份有限公司 关于公司股票交易可能被叠加实施退市风险警示的提示性公告 证券代码：002717 证券简称：ST 岭南 公告编号：2026-010 2、2025年4月，公司2024年度内部控制审计报告被年审会计师事务所出具了否 定意见。若公司2025年度内部控制审计报告被年审会计师事务所继续出具无法表示 意见或否定意见，根据《深圳证券交易所股票上市规则》第9.4.1条中的相关规定， 在公司2025年度内部控制审计报告披露后，公司股票交易可能被实施退市风险警示。 二、公司股票交易可能被继续实施其他风险警示的原因 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 根据岭南生态文旅股份有限公司（以下简称"公司"）2026年1月31日披露的《2025 年年度业绩预告》，公司预计2025年度利润总额、净利润、扣除非经常性损益后的 净利润三者孰低为负值，且扣除后的营业收入低于3亿元；公司预计2025年度期末净 资产为负值。根据《深圳证券交易所股票上市规则》的规定，公司股票交易可能在 披露《2025年年度报告》后被深圳证券交易所实施退市风险警示（股票简称前 ...