Securities Code: 002726
Bond Code: 128119
Securities Abbreviation: ST Longda
Bond Abbreviation: Longda Convertible Bond
Announcement Number: 2026-113
Shandong Longda Food Co., Ltd.
Announcement on Company's Pre-Restructuring and Restructuring Application by Creditor and Court's Initiation of Pre-Restructuring and Appointment of Provisional Administrator
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false statements, misleading representations, or material omissions.
Key Information Prompt:
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Shandong Longda Food Co., Ltd. (hereinafter referred to as the "Company" or "the applicant") received the Decision [ (2026) Lu 06 Po Shen (Yu) No. 1 ] (hereinafter referred to as "Decision One") and Decision [ (2026) Lu 06 Po Shen (Yu) No. 1-1 ] (hereinafter referred to as "Decision Two") issued by the Intermediate People's Court of Yantai (hereinafter referred to as "Yantai Court") on July 9, 2026. The creditor, Shandong Laiyang Rural Commercial Bank Co., Ltd. (hereinafter referred to as "Laiyang Rural Commercial Bank," "the applicant," or "the creditor"), applied to the Yantai Court for restructuring of the Company on the grounds that the Company is unable to repay its due debts and is clearly lacking in solvency but possesses restructuring value, and applied for the initiation of pre-restructuring procedures. The Yantai Court has decided to initiate pre-restructuring for the Company.
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The pre-restructuring procedure is a process to initiate relevant work such as debt and claim reconciliation in advance, thereby improving the efficiency and feasibility of subsequent restructuring. As of the date of this announcement, the Company has not yet received any legal documents from the court regarding the entry into restructuring proceedings, and whether the Company will enter restructuring proceedings subsequently remains uncertain.
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If the court rules to accept the restructuring application against the Company, the Company will cooperate with the court and the administrator in carrying out relevant restructuring work in accordance with the law and fulfill its legal obligations as a debtor. According to Article 9.4.1 of the "Shenzhen Stock Exchange Stock Listing Rules" (hereinafter referred to as the "Stock Listing Rules"), if the court accepts the restructuring application against the Company in accordance with the law, the Shenzhen Stock Exchange will issue a delisting risk warning on the Company's stock. Investors are advised to pay attention to investment risks.
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If the court accepts the creditor's restructuring application against the Company, and the Company subsequently enters restructuring proceedings and the restructuring is successfully completed, it will be beneficial for resolving the Company's debt risks, optimizing its asset-liability structure, and enhancing its sustainable operation and profitability. If the restructuring fails, the Company will face the risk of being declared bankrupt. If the Company is declared bankrupt, according to the relevant provisions of the "Stock Listing Rules," the Company's stock will face the risk of termination of listing. Investors are advised to pay attention to investment risks.
I. Situation of Creditor Applying to the Court for Restructuring
On July 9, 2026, the Company received the "Decision" from the Yantai Court. The applicant, Laiyang Rural Commercial Bank, applied to the Yantai Court for restructuring of the Company on the grounds that the Company is unable to repay its due debts and is clearly lacking in solvency but possesses restructuring value. The applicant also applied for the initiation of pre-restructuring procedures, and the Yantai Court has ruled to accept the Company's pre-restructuring application. The specific situation is as follows:
(I) Basic Information of the Applicant