Lianhe Ratings Announcement on Downgrading the Issuer and Related Bond Credit Ratings of Shandong Longda Food Co., Ltd.
Lianhe Credit Rating Co., Ltd. (hereinafter referred to as "Lianhe Ratings") has conducted a credit rating for Shandong Longda Food Co., Ltd. (hereinafter referred to as the "Company") and its related debt instruments at the request of the Company. Apart from the rating service agreement, Lianhe Ratings, its rating analysts, and the Company have no other relationship that could affect the independence, objectivity, and fairness of the rating process.
According to Lianhe Ratings' latest rating results, the Company's individual credit rating is CCC, its long-term issuer rating is CCC, and its rating outlook is negative. The rating results for the related debt instruments commissioned by the Company for rating by Lianhe Ratings are detailed in the table below, with the rating validity period being the entire term of the related debt instruments.
Table 1: Outstanding Publicly Issued Bonds Commissioned by the Company for Rating by Lianhe Ratings as of July 3, 2026