Ling Lan knew that she was suspected but she wasn't upset. She was prepared to be exposed when she made the decision to follow the princess to this auction. However, it happened faster than she expected.
With Little Four's help, Ling Lan found out where the princess and Senior Colonel Mu Youyun were at. The organizers of the auction put a lot of effort into making sure that they were far away from each other. If something really did happen to the princess, they would be unable to come to her aid.
Ling Lan pondered over her actions and decided to stay put. She believed that although the organizers of the auction wanted to kill the princess, they couldn't bear to destroy the underground auction. Hence, they would not act during the auction. They would most probably do something after the auction when they would be heading back with the Babu scepter. This meant that the princess was safe for now.