Securities Code: 002726
Bond Code: 128119
Securities Abbreviation: ST Long Da
Bond Abbreviation: Long Da Convertible Bond
Announcement Number: 2026-119
Shandong Long Da Great Food Co., Ltd.
Announcement on the Expected Failure to Repay "Long Da Convertible Bonds" Upon Maturity
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Key Information Summary:
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"Long Da Convertible Bonds" matured on July 12, 2026. According to the "Prospectus for Public Issuance of Convertible Corporate Bonds," the company should repay all outstanding "Long Da Convertible Bonds" within five trading days after maturity (no later than July 17, 2026). As of the close of trading on July 10, 2026 (the last day for conversion), the outstanding balance of "Long Da Convertible Bonds" was 3,152,834 bonds, with a remaining amount of RMB 315,283,400. Shandong Long Da Great Food Co., Ltd. (hereinafter referred to as the "Company") currently has insufficient monetary funds to repay the principal and interest of "Long Da Convertible Bonds."
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"Long Da Convertible Bonds" will not be delisted from the Shenzhen Stock Exchange for the time being.
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The company is currently in pre-restructuring proceedings. If it ultimately enters restructuring proceedings, the claims held by holders of "Long Da Convertible Bonds" registered as of July 10, 2026, will be used as restructuring claims for repayment. The specific repayment plan and timeline will be determined according to the restructuring plan, and there is still significant uncertainty at this stage.
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Whether the company will enter restructuring proceedings is still uncertain. Investors are advised to pay attention to investment risks.
I. Basic Information of the Company and Convertible Bonds
- Basic Information of the Company
Shandong Long Da Great Food Co., Ltd. (hereinafter referred to as the "Company") received the Decision [ (2026) Lu 06 Po Shen (Pre) 1 ] and Decision [ (2026) Lu 06 Po Shen (Pre) 1-1 ] issued by the Intermediate People's Court of Yantai City (hereinafter referred to as "Yantai Intermediate Court") on July 9, 2026. The creditor, Shandong Laiyang Rural Commercial Bank Co., Ltd., applied for the company's restructuring on the grounds that the company is unable to repay its due debts and is clearly lacking in solvency but has restructuring value.