LG started its Android 11 update program for its higher-end phones, the innovative Wing included, some time ago. However, it seemed sluggish even before the company decided to exit the smartphone market. The Wing on Verizon has only now just started to see what might be one of its last ever updates.
https://www.notebookcheck.net/The-LG-Wing-on-Verizon-finally-starts-to-receive-Android-11.587141.0.html
The fact that LG can still roll out a new OS update despite no longer being in the smartphone market really shows everything that is wrong with Chinese smartphone brands in general. A lot of their phones still don't see the lights of Android 11, let alone Android 12 OS update.