*ST Lingnan announced that the repayment arrangements for the first new instalment and fourth instalment of “Lingnan Convertible Bonds” are clear. The first additional instalment was partially paid on the basis of 3589,772 cards before August 11; the fourth instalment was partially paid on the same day based on 355,2,390 cards. As of August 4, the amount of additional lawsuits and arbitration involving the company and its subsidiaries was approximately $147 million. The company also has risks such as “Lingnan Bonds Transfer” not being able to pay on time, continuing operations, monetization of pledged assets with credit enhancement plans, stock delisting, and lawsuits. The company has transferred 139.413 million yuan for payments related to “Lingnan Bonds Transfer”. The funds will be disbursed on August 11.

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