LNGF(SZ:002717) Shang Hai Zheng Quan Bao·2025-09-17 19:52Group 1 - The company announced that 20,000,000 shares held by major shareholder Yin Hongwei, representing 1.10% of the total share capital, were scheduled for judicial auction but went unsold due to lack of bids [1][2] - As of September 15, 2025, Yin Hongwei holds a total of 267,791,617 shares, accounting for 14.71% of the company's total share capital, with 60,000,000 shares already subject to judicial auction [3][4] - The company will closely monitor the situation regarding the judicial auction and fulfill its information disclosure obligations as required [5][6] Group 2 - The company received notifications regarding the auction of assets from its subsidiary, Lingnan Design Group, due to a guarantee contract dispute, with a total debt of approximately RMB 20,370,861.81 [9][10] - The court has ordered the auction of several properties owned by Lingnan Design, with a total estimated market value of approximately RMB 48,105,800.05 [13] - The company’s stake in the subsidiary Micro Communication (Beijing) Network Technology Co., Ltd., representing 21.86% of its shares, is also subject to auction due to a commercial factoring dispute [14][15] Group 3 - The company announced a change in its sponsor representative from Chuan Cai Securities, with Luo Qiang replacing the previous representative, Tang Wenda [22][23] - This change will not affect the ongoing supervision by Chuan Cai Securities or the company's operational activities [23] Group 4 - The company disclosed that it has been involved in various lawsuits and arbitration cases, with a total amount of approximately RMB 116,300,100, which represents 10.92% of the latest audited net assets [26][29] - The company does not have any significant litigation or arbitration cases exceeding RMB 10 million that would impact its financial position significantly [26][28]