Securities Code: 002726 Bond Code: 128119 Securities Abbreviation: Longda Food Bond Abbreviation: Longda Convertible Bond Announcement Number: 2026-023
Shandong Longda Food Co., Ltd.
Announcement on the Preliminary Trigger of Downward Adjustment Conditions for Convertible Bond Conversion Price
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or major omissions.
Special Reminder:
- Securities Code: 002726 Securities Abbreviation: Longda Food
- Bond Code: 128119 Bond Abbreviation: Longda Convertible Bond
- Conversion Price: RMB 4.20 per share
- Conversion Period: January 18, 2021 to July 12, 2026
- According to the Company's "Prospectus for the Public Offering of Convertible Corporate Bonds by Shandong Longda Meat Food Co., Ltd." (hereinafter referred to as the "Prospectus"), during the term of the convertible corporate bonds (hereinafter referred to as "convertible bonds") issued, if the closing price of the Company's A-share stock is lower than 90% of the current conversion price for ten trading days within any twenty consecutive trading days, the Company's Board of Directors has the right to propose a downward adjustment plan for the convertible bond conversion price and submit it to the Company's general meeting of shareholders for deliberation and voting. The period for triggering the downward adjustment condition for the convertible bond conversion price starts from February 12, 2026. From March 5, 2026, to March 25, 2026, the Company's stock has had five trading days with a closing price below 90% of the current conversion price (i.e., RMB 3.78 per share), and it is expected that the conditions for a downward adjustment of the convertible bond conversion price may be triggered. If the conditions for conversion price adjustment are triggered, the Company will promptly fulfill the subsequent deliberation procedures and information disclosure obligations as stipulated in the "Prospectus." Investors are kindly reminded to pay attention to investment risks.
I. Overview of Convertible Corporate Bond Issuance and Listing
(I) Convertible Corporate Bond Issuance and Listing Status With the approval of the China Securities Regulatory Commission's "Zhengjian Xu Ke [2020] No. 1077," the Company publicly issued 9.5 million convertible corporate bonds on July 13, 2020. Each bond has a face value of RMB 100, with a total issuance amount of RMB 950 million. With the approval of the Shenzhen Stock Exchange's "Shenzhen Shang [2020] No. 683," the Company's RMB 950 million convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange on August 7, 2020. The bond abbreviation is "Longda Convertible Bond," and the bond code is "128119.SZ."
(II) Convertible Corporate Bond Conversion Period According to the "Shenzhen Stock Exchange Stock Listing Rules" and other relevant regulations and the "Prospectus," the conversion period for this convertible bond starts from the first trading day six months after the end of the convertible bond issuance period until the maturity date of the convertible bond, which is January 18, 2021, to July 12, 2026.