LNGF(SZ:002717) Shang Hai Zheng Quan Bao·2025-11-14 19:19Group 1 - The core point of the news is that the shareholder Yin Hongwei's equity in Lingnan Ecological Cultural Tourism Co., Ltd. has been reduced due to judicial auction, affecting his voting rights and ownership percentage significantly [4][9][28] - As of November 13, 2025, Yin Hongwei's shareholding decreased from 10.32% to 6.66% after the completion of the judicial auction of 66,500,000 shares, which represents 3.65% of the total share capital [4][9][32] - The company disclosed that the judicial auction was part of a series of forced sales, with a total of 86,500,000 shares (4.75% of total shares) being sold, including 20,000,000 shares that have been sold but not yet transferred [5][31] Group 2 - The company confirmed that the equity change does not affect the control of the company, as Yin Hongwei is not the controlling shareholder, and the overall management structure remains stable [10][34] - The company has reported a total of 19,459.92 million yuan in litigation and arbitration cases over the past twelve months, which is 18.28% of the latest audited net assets [17] - The company’s subsidiary, Shanghai Hengrun Digital Technology Group Co., Ltd., has been applied for bankruptcy liquidation, with a court-appointed manager overseeing the process [22][23]