lingnan eco&culture-tourism announced that the company recently learned about the following freeze of the shares held by shareholder Yin Hongwei: 0.2365 billion shares held by Yin Hongwei were frozen pending, accounting for 80.98% of the shares held by him, 12.99% of the total share capital of the company. The freezing period is 36 months, the freezing authority is the Intermediate People's Court of Dongguan City, Guangdong Province. The freezing was due to a dispute arising from the debt maturity of Yin Hongwei and its affiliated company guangzhou lingnan group holdings. Creditors have filed a legal lawsuit. Currently, all parties are in negotiations for reconciliation, seeking an out-of-court settlement. Yin Hongwei is the company's largest shareholder and a non-controlling shareholder. The total number of shares held by him that have been judicially frozen is 0.292 billion shares, accounting for 100% of his holdings, 16.04% of the total share capital of the company. The total shares frozen pending amount to 1.2113 billion shares, accounting for 414.76% of his holdings, and 66.55% of the company's total share capital. This freezing event has no significant impact on the company's production operation and corporate governance at present, and the operation of the company is normal and orderly.