Shandong Longda Food Co., Ltd. Announcement Regarding Judicial Auction of Part of Controlling Shareholder's Shares
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Notice:
- The subject of the judicial auction is 26,777,062 shares of Shandong Longda Food Co., Ltd. (hereinafter referred to as the "Company") held by its controlling shareholder, Lanrun Development Holding Group Co., Ltd. (hereinafter referred to as "Lanrun Development"). This represents 9.43% of the shares held by Lanrun Development and 2.48% of the Company's total share capital.
- The auction is currently in the public comment phase. Subsequent steps may involve bidding, failed bids, payment, and equity transfer. The outcome of the judicial auction remains uncertain.
- The Company's current business operations are normal. This judicial auction will not have a significant impact on the Company's production and operations, nor will it lead to a change in the Company's control.
Recently, the Company learned that a portion of the shares held by its controlling shareholder, Lanrun Development, will be judicially auctioned. The specific details are as follows:
I. Basic Information on the Judicial Auction of Controlling Shareholder's Shares