Stock Code: 002726
Bond Code: 128119
Stock Abbreviation: ST Longda
Bond Abbreviation: Longda Convertible Bond
Announcement No.: 2026-131
Shandong Longda Food Co., Ltd.
Announcement on Public Selection of an Appraisal Institution by the Provisional Administrator
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, without any false records, misleading statements, or major omissions.
Shandong Longda Food Co., Ltd. (hereinafter referred to as the "Company" or "Applicant") received a decision letter [(2026) Lu 06 Po Shen (Pre) No. 1] and a decision letter [(2026) Lu 06 Po Shen (Pre) No. 1-1] from the Intermediate People's Court of Yantai (hereinafter referred to as "Yantai Intermediate 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 Intermediate Court for the restructuring of the Company on the grounds that the Company is unable to repay its due debts and clearly lacks solvency but has restructuring value. The Applicant also applied for the initiation of pre-restructuring proceedings. The Yantai Intermediate Court decided to initiate pre-restructuring for the Company and appointed the Longda Food Company Pre-Restructuring Liquidation Group as the provisional administrator.
I. Public Selection of Appraisal Institution
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 letter, the provisional administrator has decided to publicly select a qualified appraisal institution to carry out appraisal work for the Company.
To clarify the selection principles, conditions, and other relevant matters, and to facilitate the participation of relevant intermediary agencies, the provisional administrator has specially formulated the selection documents (see attached content). Relevant agencies should submit their application documents in accordance with the requirements of the selection documents before 18:00 on July 24, 2026. The provisional administrator will notify each intermediary agency of the specific time of the selection meeting based on the number of applicants. All contents of the selection documents are equally applicable 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 intended to initiate the company's debt and asset sorting and other related work in advance, and to improve the efficiency and feasibility of subsequent restructuring work. As of the date of this announcement, the Company has not yet received the 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 Rule 9.4.1 of the "Stock Listing Rules", if the court rules to accept the restructuring application of the Company, the Shenzhen Stock Exchange will impose 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 applicant's restructuring application for 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 its balance sheet structure, and enhance its ability to continue operating and its 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.