LSGC: Net profit for the third quarter was 36.1854 million yuan, a year-on-year increase of 4.45%

LSGC announced that the revenue for the third quarter was 154 million yuan, a year-on-year decrease of 4.15%; the net profit was 36.1854 million yuan, a year-on-year increase of 4.45%. The revenue for the first three quarters was 477 million yuan, a year-on-year decrease of 7.54%; the net profit was 116 million yuan, a year-on-year increase of 7.85%

The Hainan Free Trade Zone sector fluctuated upward, with Caesar Travel Industry hitting the daily limit, Drinda rising over 5.5%, HAINAN HAIYAO and LSGC both increasing over 3%, and Haikou Group also following suit

LSGC: Termination of the private placement matter and withdrawal of application documents

LSGC announced that the company held a board of directors and supervisory board meeting on July 11, 2025, where it approved the proposal to terminate the issuance of shares to specific objects and withdraw the application documents. The company originally planned to issue A-shares to its controlling shareholder, Zhejiang Yuanming Holdings Co., Ltd., but decided to terminate the issuance due to the impending expiration of the validity period of the shareholders' meeting resolution and the failure of the extension proposal to be approved by the shareholders' meeting. The termination of this matter will not have a significant adverse impact on the company's normal business operations

LSGC's shareholder Honglou Group plans to reduce its holdings by no more than 2.11%

According to the announcement from LSGC, shareholder Honglou Group plans to reduce its holdings by no more than 16.0764 million shares, which is no more than 2.11% of the total share capital, within three months starting from July 16, 2025, which is 15 trading days after the announcement is disclosed

LSGC plans to launch an employee stock ownership plan in 2025

LSGC plans to launch an employee stock ownership plan in 2025, with no more than 45 participants and a total fundraising amount not exceeding 22.4852 million yuan. The shares for the employee stock ownership plan will come from the company's repurchased A-share common stock, with a total of no more than 8.39 million shares to be transferred, accounting for 1.10% of the company's total share capital. The plan will initially transfer 7.39 million shares at a repurchase price of 2.68 yuan per share