The real market took another 700 points of Bitcoin and 22 points of Ethereum.
Lingnan Shares: Due to a financial loan contract dispute, the amount involved is 282 million yuan. On February 24, Lingnan Shares announced that it had recently received an "Arbitration Notice" from the Dongguan Branch of the Guangzhou Arbitration Commission. Due to a financial loan contract dispute, the Dongguan Branch of Dongguan Bank Co., Ltd. filed an arbitration application with the Dongguan Branch of the Guangzhou Arbitration Commission. As of October 23, 2024, the applicant Dongguan Bank Dongguan Branch claimed that the respondent Lingnan Shares should repay the loan principal of RMB 270 million and the interest, penalty interest and compound interest payable, temporarily calculated as of October 23, 2024, the interest is RMB 3.3847 million, the penalty interest is RMB 7.8942 million, and the compound interest is RMB 276,900. It also bears the legal fees of RMB 520,000 spent by the applicant to realize the debt, totaling RMB 282 million. On August 22, 2024, the company disclosed the "Announcement on the Overdue of Part of the Company's Debts". As of August 21, 2024, the overdue amount of Dongguan Bank Dongguan Branch was RMB 70 million; on February 25, 2025, the company disclosed the "Announcement on the Overdue of Part of the Company's Debts". As of February 21, 2025, the overdue amount of Dongguan Bank Dongguan Branch was RMB 200 million.
