Securities Code: 002726
Bond Code: 128119
Securities Abbreviation: ST Longda
Bond Abbreviation: Longda Convertible Bond
Announcement Number: 2026-100
Shandong Longda Food Co., Ltd.
Announcement on Public Recruitment and Selection of Restructuring Investors
The Company and the entire board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false statements, misleading representations, or material omissions.
Special Notice
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The recruitment of restructuring investors for Shandong Longda Food Co., Ltd. (hereinafter referred to as "Longda Food" or the "Company") is subject to uncertainty. There is a possibility that suitable restructuring investors may not be recruited, or that restructuring investors may not sign investment agreements on time. Investors are urged to pay attention to investment risks.
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The Company's recruitment is aimed at promoting out-of-court restructuring and potential subsequent restructuring. It does not signify that the Company has entered restructuring proceedings. Investors are urged to pay attention to investment risks.
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The Company is implementing out-of-court restructuring first to ascertain the restructuring value and feasibility of the Company, to connect with pre-restructuring (if necessary) and restructuring proceedings, and to reduce restructuring costs and improve efficiency. As of the date of this announcement, it remains uncertain whether the Company will enter restructuring proceedings. Investors are urged to pay attention to investment risks.
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With the approval of the China Securities Regulatory Commission under "Zhengjian 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 950,000,000. As of July 2, 2026, 7,490,961 "Longda Convertible Bonds" remained unredeemed, 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 final interest payment). As of now, the Company's current monetary funds are insufficient to cover the principal and interest of the "Longda Convertible Bonds" upon maturity, posing a significant risk of failing to repay the principal and interest on time. Investors are urged to pay attention to investment risks.
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According to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules," if the court accepts the Company's restructuring, the Shenzhen Stock Exchange will impose a delisting risk warning on the Company's stock. Investors are urged to pay attention to investment risks. If the restructuring fails, the Company faces the risk of being declared bankrupt. If the Company is declared bankrupt, its stock will face the risk of termination of listing. Investors are urged to pay attention to investment risks.
To properly address the Company's operational difficulties and debt crisis, and to avoid debt and operational risks,
the Company is implementing out-of-court restructuring. The pre-restructuring/restructuring liquidation team of Longda Food Co., Ltd. will serve as the auxiliary institution for Longda Food's pre-restructuring/restructuring and out-of-court restructuring. Under the guidance and supervision of the auxiliary institution for out-of-court restructuring, the Company will carry out the recruitment of restructuring investors, negotiations with relevant parties, and the formulation of an out-of-court restructuring plan.
To lawfully and orderly advance out-of-court restructuring and subsequent pre-restructuring (if necessary) and restructuring, to prudently and orderly resolve the Company's debt risks, restore and enhance its sustainable operating and profitability, and achieve resource integration, while maximizing the protection of creditors' legal rights and interests, the auxiliary institution will assist the Company in independently recruiting and selecting restructuring investors (hereinafter referred to as "this recruitment") in accordance with the principles of lawfulness, regulation, fairness, justice, and openness. The relevant matters of this recruitment are hereby announced as follows: