*ST Lingnan announced that “Lingnan Bonds Convertible” risks not being paid on schedule, or affecting financing and performance, and even causing the company to be delisted. The company's operations were impacted. In 2025, revenue was 112 million yuan, down 86.99% year on year, with a net loss of 2,336 million yuan; revenue for the first quarter of 2026 was 39.7025 million yuan, down 41.27% year on year, with a net loss of 134 million yuan. Credit enhancement plans are at risk from monetization of pledged assets, delisting of company shares, and lawsuits. However, the first and fourth installment of the “Lingnan Bonds Transfer” repayment funds were disbursed on August 11, and the company has completed the repayment process for this period.

*ST Lingnan announced that “Lingnan Bonds Convertible” risks not being paid on schedule, or affecting financing and performance, and even causing the company to be delisted. The company's operations were impacted. In 2025, revenue was 112 million yuan, down 86.99% year on year, with a net loss of 2,336 million yuan; revenue for the first quarter of 2026 was 39.7025 million yuan, down 41.27% year on year, with a net loss of 134 million yuan. Credit enhancement plans are at risk from monetization of pledged assets, delisting of company shares, and lawsuits. However, the first and fourth installment of the “Lingnan Bonds Transfer” repayment funds were disbursed on August 11, and the company has completed the repayment process for this period.