LNGF(SZ:002717) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-07-31 23:25Core Viewpoint - Lingnan Ecological Culture and Tourism Co., Ltd. has completed the second phase of repayment for its convertible bonds, "Lingnan Convertible Bonds," and is addressing the implications of a shareholder's shares being subject to judicial auction [1][4]. Group 1: Convertible Bond Repayment - The company held a bondholders' meeting on January 22, 2025, to approve the repayment plan for the "Lingnan Convertible Bonds" [1]. - The second phase of repayment was completed on July 31, 2025, with funds allocated for bondholders whose bonds are under judicial or pledge freeze [1][2]. - Bondholders are required to submit relevant documentation by August 18, 2025, to facilitate the repayment process [2]. Group 2: Judicial Auction of Shares - A total of 166,500,000 shares held by shareholder Yin Hongwei, representing 9.15% of the company's total shares, are set to be auctioned [5]. - Yin Hongwei is not classified as a controlling shareholder, and the auction of his shares will not affect the company's control or operations [6][9]. - As of July 30, 2025, Yin Hongwei's total shareholding is 267,791,617 shares, which may decrease to 101,291,617 shares if the auction is successful [9].