ST Lingnan: The company has received a criminal judgment.

On December 16, ST Lingnan announced that the company recently received a "Criminal Judgment" issued by the People's Court of Tangyin County, Henan Province. The defendant Lingnan Ecological Cultural Tourism Co., Ltd. was found guilty of colluding in bidding and was fined RMB 600,000; the defendant Yang was found guilty of colluding in bidding and was sentenced to ten months imprisonment with a one-year probation period, and fined RMB 30,000; the defendant He was found guilty of colluding in bidding and was sentenced to ten months imprisonment with a one-year probation period, and fined RMB 25,000. As of now, the above judgment has not yet taken effect, and the above event has not had a significant impact on the company's production and operation.