Securities Code: 002726
Securities Abbreviation: ST Longda
Announcement No.: 2026-135
Shandong Longda Food Co., Ltd.
Announcement on Progress of Out-of-Court Restructuring Investor Recruitment and Public Recruitment and Selection of Pre-Restructuring Investors
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
Special Notice
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The recruitment of restructuring investors for Shandong Longda Food Co., Ltd. (hereinafter referred to as "Longda Food" or "the Company") is subject to uncertainty. There is a possibility that qualified restructuring investors may not be recruited, or that restructuring investors may not sign investment agreements on time. Investors are kindly advised to pay attention to investment risks.
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The pre-restructuring procedure is intended to advance the preliminary work of梳理 (shūlǐ - sorting/tidying) the company's creditors' rights and debts, thereby improving the efficiency and feasibility of subsequent restructuring work. As of the disclosure date of this announcement, the Company has not yet received relevant legal documents from the court accepting the restructuring application. Therefore, whether the Company will enter the restructuring procedure subsequently is uncertain.
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If the court rules to accept the Company's restructuring application, the Company will cooperate with the court and the administrator in carrying out the relevant restructuring work and fulfill its legal obligations as a debtor. According to Article 9.4.1 of the "Stock Listing Rules," if the court rules to accept the Company's restructuring application, the Shenzhen Stock Exchange will impose a delisting risk warning on the Company's stock. Investors are kindly advised to pay attention to investment risks.
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If the court accepts the applicant's restructuring application for the Company, and the Company subsequently enters the restructuring procedure and successfully completes the restructuring, it will be beneficial for resolving the Company's debt risks, optimizing its asset-liability structure, and enhancing its sustainable operating 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 kindly advised to pay attention to investment risks.
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Hexin Certified Public Accountants (Special General Partnership) issued a negative opinion on the Company's internal control for 2025 in its "Internal Control Audit Report." The lower of net profit before and after deducting non-recurring gains and losses for the Company in 2023, 2024, and 2025 is negative. The 2025 audit report indicates uncertainty regarding the Company's ability to continue as a going concern. According to Article 9.8.1 of the "Shenzhen Stock Exchange Stock Listing Rules," for "an audit report on the financial report of the most recent fiscal year where internal control is issued with a disclaimer of opinion or a negative opinion," and "the lower of net profit before and after deducting non-recurring gains and losses for the three most recent fiscal years is negative, and the audit report for the most recent fiscal year indicates uncertainty regarding the Company's ability to continue as a going concern," the Shenzhen Stock Exchange will impose other risk warnings on the Company's stock trading. The Company's stock will continue to be subject to other risk warnings from April 30, 2026, and its stock abbreviation will change from "Longda Food" to "ST Longda."