一、 股东所持股份被强制执行的情况 1、本次被强制执行的股份情况 证券代码：002717 证券简称：ST 岭南 公告编号：2025－078 岭南生态文旅股份有限公司 关于股东部分股份被司法强制执行完成的公告 尹洪卫保证向本公司提供的信息内容真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。本公司及董事会全体成员保证公告内容与信息披露义务人提供 的信息一致。 岭南生态文旅股份有限公司（以下简称"岭南股份"、"公司"）已于 2025 年 6 月 3 日披露了《关于股东部分股份将被司法强制执行的提示性公告》，公司股东尹洪卫 先生收到四川自由贸易试验区人民法院（以下简称"四川自贸法院"）送达的《执行 裁定书》，裁定在三十个交易日内以市场价强制卖出被执行人尹洪卫先生持有的 5,000,000 股岭南股份股票，本次四川自贸法院司法处置的股票占公司总股本的 0.27%。 近日，公司收到股东尹洪卫先生出具的《告知函》，获悉其本次被司法强制执行 的股份已执行完毕，现将相关情况公告如下： 2、截至 2025 年 7 月 4 日，本次司法强制执行已实施完毕，本次股份变动情况 与此前已披露的计划一致，不存在差异，也不存在违规情 ...

Core Viewpoint - The company, Lingnan Ecological Culture and Tourism Co., Ltd., is currently involved in a lawsuit initiated by the Agricultural Development Bank of China due to a financial loan contract dispute, which may have uncertain impacts on its profits [1][5]. Group 1: Lawsuit Details - The lawsuit was filed by the Agricultural Development Bank of China, Dongguan Branch, against Lingnan Water (Lianping) Co., Ltd. and Lingnan Ecological Culture and Tourism Co., Ltd. for a loan amount of RMB 199,452,405 [1][2]. - The interest accrued until June 4, 2025, is estimated at RMB 8,081,441.24, with penalties and compound interest also applicable [1][2]. - The loan was originally for RMB 515 million, designated for a PPP project in Lianping County, with a term of 180 months and an annual interest rate of 4.9% [2][3]. Group 2: Project Status and Implications - The PPP project has been suspended due to a directive from the Lianping County Finance Bureau, which has affected the loan agreement and the need for further funding [3][4]. - The company has provided a joint liability guarantee for the loan, and the lawsuit may lead to the early termination of the loan contract, impacting the company's financial standing [5][6]. - The company is actively seeking solutions and engaging with the bank to address the lawsuit and its implications on future profits [5][6].

Core Viewpoint - The company, Lingnan Ecological Culture and Tourism Co., Ltd., is facing significant financial difficulties, including the inability to repay its convertible bonds on time, which may lead to further legal and financial repercussions [2][4][6]. Financial Performance - In 2024, the company's operating revenue was 861.84 million yuan, a decline of 59.55% compared to 2023 [3]. - The net profit attributable to shareholders for 2024 was -984.33 million yuan, indicating a reduction in the scale of losses compared to 2023 [3]. - For the first quarter of 2025, the net profit attributable to shareholders was -66.40 million yuan, a decrease of 26.36% in losses compared to the same period in 2024 [3]. Bond Default Risk - The company announced that it could not make timely principal and interest payments on the "Lingnan Convertible Bonds," leading to a downgrade of its credit rating to C [2][4]. - The default on the bonds may undermine creditor confidence, further straining the company's financing capabilities and exacerbating its liquidity issues [2][4]. Legal and Operational Risks - The company is currently involved in multiple lawsuits, with 251 pending cases and a total claim amount of approximately 2.95 billion yuan [6][7]. - The ongoing financial strain has resulted in delayed payments to suppliers, potentially increasing the number of legal disputes [7]. Asset Pledge and Collateral Risks - The company has pledged its receivables and equity from project companies as collateral for the convertible bonds, but the realizable value of these assets is uncertain due to long collection periods and lack of market reference [5][6]. - There is a risk that if the company files for bankruptcy within a year of the collateral establishment, the pledge may be revoked [5][6]. Stock Delisting Risk - The company's stock is at risk of being delisted if its closing price remains below 1 yuan for 20 consecutive trading days, as per the Shenzhen Stock Exchange regulations [6].

证券代码：002717 证券简称：ST 岭南 公告编号：2025-077 岭南生态文旅股份有限公司 关于重大诉讼的公告 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。 重要内容提示： 1、案件所处的诉讼阶段：法院已受理，一审中 2、上市公司所处的当事人地位：被告 3、涉案的金额：20,821.67万元（诉讼金额暂计至2025年6月4日） 4、对上市公司损益产生的影响：目前案件尚未开庭审理，该诉讼事项对公司本期 利润或期后利润的具体影响尚存在不确定性。 一、本次诉讼事项受理的基本情况 岭南生态文旅股份有限公司（以下简称"公司"或"被告"）近日收到东莞市第一 人民法院送达的 《传票》《民事起诉状》等相关起诉材料，因金融借款合同纠纷，中 国农业发展银行东莞市分行（以下简称"农发银行"或"原告"）向东莞市第一人民法 院提起诉讼。 截至本公告披露日，本案件尚未开庭审理。现将诉讼事项公告如下： 二、本次诉讼案件的基本情况 （一）受理机构：东莞市第一人民法院 （二）受理地点：广东省东莞市 （三）诉讼当事人 原告：中国农业发展银行东莞市分行 被告：岭南水务（连平）有限公司（被 ...

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 风险提示 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 2025 年度第二十一次临时受托管理事务报告 债券受托管理人 二〇二五年七月 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， ...

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 广发证券股份有限公司 关于"岭南转债"2025 年第二季度违约处置进展 临时受托管理事务报告 债券受托管理人 二〇二五年七月 据公司《关于公司主体及相关债券信用等级的公告》（公告编号：2024- 119），信用评级机构联合资信评估股份有限公司下调公司主体长期信用等级为 C，下调"岭南转债"的信用等级为 C。 "岭南转债"逾期事项可能会影响其他债权人对公司的信心，从而进一步 减弱公司融资能力，加剧公司资金紧张局面。如公司无法妥善解决，公司会因 逾期债务面临进一步的诉讼、仲裁、银行账户被冻结、资产被冻结等事项，也 可能需支付相关违约金、滞纳金和罚息，将会影响公司的生产经营和业务开展， 增加公司的财务费用，同时进一步加大公司资金压力，并对公司本年度业绩产 生影响。 此外，公司债务逾期事项可能导致公司退市。如无法妥善解决，将影响公 司在资本市场的声誉，同时影响投资者对公司的信心，并进一步影响公司股票 价格。公司可能因触及交易类强制退市情形而终止上市。 二、持续经营风险 重要声明 本报告依据《可转换公司债券管理办法》《 ...

Core Viewpoint - The tourism industry, once expected to thrive, is now facing significant challenges, highlighted by the bankruptcy of Qinghai Tourism Investment Group and the struggles of various tourism companies despite an increase in domestic travel and spending [2][3][4][8]. Group 1: Industry Challenges - Qinghai Tourism Investment Group and its subsidiaries have filed for bankruptcy, shocking the tourism sector [3]. - The company, which aimed for significant growth and public listing, mismanaged its resources, leading to a loss of 4.8 billion in registered capital [4]. - 44 listed companies in the tourism sector reported their Q1 earnings, with 25 experiencing negative revenue growth, accounting for 56.8% of the total [4]. Group 2: Financial Performance - Major airlines like China Southern Airlines, China Eastern Airlines, and Air China reported substantial losses in Q1, with losses of 747 million, 995 million, and 2.044 billion respectively [7]. - Despite a 26.4% increase in domestic travel and an 18.6% rise in spending, the tourism industry is struggling financially [8][9]. Group 3: Market Dynamics - The tourism market is saturated, with an increase in A-level scenic spots and travel agencies, yet average income has dropped by nearly 40% [31]. - Online travel platforms like Ctrip and Tongcheng are thriving, with Ctrip reporting a net profit of approximately 4.3 billion in Q1, showcasing the "shovel effect" where service providers profit while actual tourism businesses struggle [28][30]. Group 4: Shifts in Consumer Behavior - The tourism industry is transitioning to a 2.0 era, where experiential value is prioritized over mere scarcity of resources [46][50]. - Successful attractions like Jiuhua Mountain and Disney have capitalized on immersive experiences, contrasting with traditional scenic spots that fail to adapt [39][41]. Group 5: Future Outlook - Many tourism platforms are likely to face severe financial difficulties or bankruptcy if they cannot adapt to the changing market dynamics and consumer preferences [55][56]. - The current environment suggests a need for a significant restructuring within the tourism sector to eliminate ineffective players and allow successful entities to thrive [58][59].

证券代码：002717 证券简称：ST 岭南 公告编号：2025-076 岭南生态文旅股份有限公司 关于股东部分股份第二次司法拍卖流拍的公告 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。 二、相关说明及风险提示 1、本次被司法拍卖的公司股份后续是否会被相关法院继续执行其他司法程序存 在一定的不确定性。本次司法拍卖流拍不会对公司的生产经营产生重大不利影响。 2、截至 2025 年 6 月 26 日，尹洪卫先生持有公司股份 269,491,617 股，占公司 总股本的 14.81%。尹洪卫先生不属于公司的控股股东及其一致行动人，公司股东尹 洪卫先生本次持有的公司股份被司法拍卖不会导致公司控制权发生变更，亦不会对 公司经营产生不利影响。 3、尹洪卫先生现累计被冻结 269,491,617 股，累计被轮候冻结 1,439,605,870 股， 因诉讼较多且有多轮轮候查封，尹洪卫持有的股份后续可能被司法处置。 岭南生态文旅股份有限公司（以下简称"公司"）于 2025 年 6 月 14 日披露了 《关于股东部分股份将被第二次司法拍卖的公告》，公司持股 5%以上股东尹洪卫 ...

债券受托管理人 广发证券股份有限公司 债券代码： 128044.SZ 债券简称：岭南转债 岭南生态文旅股份有限公司 可转换公司债券受托管理事务报告 （2024年度） （注册地址：中山市火炬开发区中山六路66号建大花园17栋12楼） （注册地址：广东省广州市黄埔区中新广州知识城腾飞一街2号618室） 2025年6月 重要声明 广发证券股份有限公司（以下简称"广发证券"或"受托管理人"）编制 本报告的内容及信息均来源于发行人对外披露的《2024年年度报告》等相关公 开信息披露文件、岭南生态文旅股份有限公司（以下简称"公司"或"发行 人"或"岭南股份"）提供的证明文件以及第三方中介机构出具的专业意见。 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。 1 风险提示 一、"岭南转债"无法按期兑付 据公司《关于"岭南转债"不能按期兑付本息的公告》（公告编号：2024- 113）披露，公司现有货币资金无法偿付"岭南转债"，"岭南转债"无法按期 进行本息兑付。 据公司《关于公司主体及相关债券信用等级的公告》（公告编号：202 ...

Group 1 - The digital watermark concept index rose by 1.32%, ranking 10th among concept sectors, with 19 stocks increasing in value, including Jida Zhengyuan and ST Lingnan hitting the daily limit [1] - Leading stocks in the digital watermark sector included Dongfang Guoxin, Ruike Laser, and Jinyun Laser, which rose by 10.35%, 5.13%, and 4.23% respectively [1] - The sector experienced a net inflow of 106 million yuan from main funds, with 11 stocks receiving net inflows, and five stocks exceeding 10 million yuan in net inflow [1] Group 2 - The top three stocks by net inflow ratio were Jida Zhengyuan, ST Lingnan, and Dongfang Guoxin, with ratios of 55.27%, 34.12%, and 13.76% respectively [2] - The net inflow of main funds for Dongfang Guoxin was 203 million yuan, followed by ST Lingnan and Jida Zhengyuan with net inflows of 70.64 million yuan and 43.49 million yuan respectively [1][2] - The overall performance of the digital watermark sector was positive, contrasting with other sectors such as photolithography and innovative drugs, which saw declines [1]