Securities Code: 002726
Bond Code: 128119
Securities Abbreviation: ST Longda
Bond Abbreviation: Longda Convertible Bond
Announcement Number: 2026-132
Shandong Longda Food Co., Ltd.
Announcement on Publicly Soliciting Financial Advisors for the Provisional Administrator
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.
Shandong Longda Food Co., Ltd. (hereinafter referred to as the "Company" or "Applicant") received the Decision Letters [(2026) Lu 06 Po Shen (Pre) No. 1] and [(2026) Lu 06 Po Shen (Pre) No. 1-1] issued by the Yantai Intermediate People's Court (hereinafter referred to as "Yantai Court") on July 9, 2026. Shandong Laiyang Rural Commercial Bank Co., Ltd. (hereinafter referred to as "Laiyang Rural Commercial Bank", "Applicant", or "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 clearly lacks repayment ability but has restructuring value. It also applied for the initiation of pre-restructuring proceedings. The Yantai Court decided to initiate pre-restructuring for the Company and appointed the Longda Food Company Pre-Restructuring Liquidation Team as the provisional administrator.
I. Public Solicitation of Financial Advisory Institutions
In accordance with the provisions of Article 25 of the "Enterprise Bankruptcy Law of the People's Republic of China" and the duties of the provisional administrator stipulated in the Decision Letters, the provisional administrator has decided to publicly solicit qualified financial advisors to provide professional services and support for financial matters related to the pre-restructuring case of Longda Food.
To clarify the selection principles, conditions, and other related matters, and to facilitate the participation of relevant intermediary institutions, the provisional administrator has specially formulated the selection documents (see attached for details). Relevant institutions should submit their application documents according to the requirements of the selection documents before 18:00 on July 24, 2026. The provisional administrator will notify each intermediary institution of the specific time for the selection meeting based on the registration situation. All contents of the selection documents apply equally to all participating units and have the same legal effect. The final interpretation right of the selection documents belongs to the provisional administrator.
II. Risk Warning
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The pre-restructuring procedure is a procedure to advance the梳理 (tidying up) of the company's creditor-debtor relationship and related work, and to improve the efficiency of subsequent restructuring work and the feasibility of restructuring. As of the disclosure date of this announcement, the Company has not yet received the relevant legal documents from the court accepting the restructuring application, and there is uncertainty as to whether the Company will enter the restructuring procedure subsequently.
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If the court rules to accept the restructuring application of the Company, the Company will cooperate with the court and the administrator to carry out relevant restructuring work and fulfill its legal obligations as a debtor. According to the relevant provisions of the "Stock Listing Rules" 9.4.1, if the court rules to accept the restructuring application of the Company, the Shenzhen Stock Exchange will implement a delisting risk warning on the Company's stock. Investors are kindly requested to pay attention to investment risks.
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If the court accepts the restructuring application of the applicant against the Company, and if the company enters the restructuring procedure and the restructuring is successfully completed, it will be beneficial to resolve the company's debt risks, optimize the company's balance sheet structure, and enhance the company's ability to continue its operations and profitability. If the restructuring fails, the company will be at 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 kindly requested to pay attention to investment risks.