ST Lingnan announced on December 16 that recently, the company received a “Criminal Judgment” issued by the Tangyin County People's Court of Henan Province. The defendant, Lingnan Ecological Cultural Tourism Co., Ltd., committed collusive bidding and was fined RMB 600,000; defendant Yang was sentenced to ten months' imprisonment, suspended for one year, and a fine of RMB 30,000 yuan; defendant He, for collusive bidding, and was sentenced to ten months' imprisonment, suspended for one year, and a fine of RMB 25,000 yuan. Up to now, the above judgment has not taken effect, and the above incident has not had a significant impact on the company's production and operation.

ST Lingnan announced on December 16 that recently, the company received a “Criminal Judgment” issued by the Tangyin County People's Court of Henan Province. The defendant, Lingnan Ecological Cultural Tourism Co., Ltd., committed collusive bidding and was fined RMB 600,000; defendant Yang was sentenced to ten months' imprisonment, suspended for one year, and a fine of RMB 30,000 yuan; defendant He, for collusive bidding, and was sentenced to ten months' imprisonment, suspended for one year, and a fine of RMB 25,000 yuan. Up to now, the above judgment has not taken effect, and the above incident has not had a significant impact on the company's production and operation.