Securities Code: 002726
Bond Code: 128119
Securities Abbreviation: ST Long Da
Bond Abbreviation: Long Da Convertible Bond
Announcement Number: 2026-123
Shandong Long Da Food Co., Ltd.
Announcement on the Expected Failure to Repay "Long Da Convertible Bonds" Upon Maturity and Risk Warning
The board of directors and all members of the board of directors of the company guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Key Content Highlights:
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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 is obligated to 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 conversion date), the outstanding balance of "Long Da Convertible Bonds" was 3,152,834 shares, with a remaining amount of RMB 315,283,400. Shandong Long Da Food Co., Ltd. (hereinafter referred to as the "Company")'s current cash on hand is expected to be insufficient 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 treated as restructuring claims for settlement. The specific settlement 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 uncertain. Investors are advised to pay attention to investment risks.
I. Company and Convertible Bond Basic Information
- Company Basic Information
Shandong Long Da 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 restructuring of the Company on the grounds that the Company is unable to repay its due debts and is clearly lacking in repayment ability but possesses restructuring value.