LNGF(SZ:002717) Xin Lang Cai Jing·2025-10-24 16:07Core Points - ST Lingnan has filed a lawsuit against its former actual controller and current co-chairman and president, Yin Hongwei, for the misappropriation of company funds amounting to 142 million yuan [1][2] - The lawsuit aims to expedite the resolution of the fund misappropriation issue and protect the interests of the company and minority shareholders [2] - As of the announcement date, the case has not yet been heard in court, and the specific impact on the company's current or future profits remains uncertain [2] Summary by Sections - Lawsuit Details - The lawsuit involves a claim for the return of 142 million yuan and corresponding losses due to fund misappropriation, calculated based on the Loan Prime Rate (LPR) from January 1, 2024, until full repayment [1] - Yin Hongwei had previously committed to returning the funds by the end of July 2025 but failed to do so by September 18, 2025 [1] - Company's Position - The company will continue to communicate with Yin Hongwei to encourage repayment through cash or asset swaps [2] - There are no other undisclosed litigation or arbitration matters involving the company or its subsidiaries [3]