Shandong Longda Food Co., Ltd.
Announcement on the Company's Pre-emptive Out-of-Court Restructuring
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.
Special Reminder
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Shandong Longda Food Co., Ltd. (hereinafter referred to as "Longda Food" or "the Company")'s pre-emptive out-of-court restructuring is a voluntary negotiation among all parties and does not have judicial compulsory effect. There is significant uncertainty as to whether relevant matters can be agreed upon and smoothly advanced. Investors are kindly requested to pay attention to investment risks.
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The Company's pre-emptive out-of-court restructuring is intended to ascertain the Company's restructuring value and feasibility, to connect with pre-restructuring (if required) and restructuring procedures, and to reduce enterprise restructuring costs and improve restructuring efficiency. As of the date of this announcement, there is uncertainty as to whether the Company will enter into restructuring procedures in the future. Investors are kindly requested to pay attention to investment risks.
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With the approval of the China Securities Regulatory Commission's "SCSC Permit [2020] No. 1077", the Company publicly issued 9.5 million convertible corporate bonds on July 13, 2020, with a face value of RMB 100 per bond, for a total issuance of RMB 950 million. As of July 2, 2026, there were still 7,490,961 "Longda Convertible Bonds" that had not been converted into shares, accounting for 78.85% of the total issuance of 9,500,000 convertible bonds. The "Longda Convertible Bonds" will mature on July 12, 2026, with a redemption price of RMB 115 per bond (including tax and the last interest payment). As of now, the Company's current monetary fund balance is expected to be insufficient to cover the principal and interest of the "Longda Convertible Bonds" upon maturity, posing a significant risk of inability to repay the principal and interest on time. Investors are kindly requested to pay attention to investment risks.