Securities Code: 002726
Securities Abbreviation: ST Longda
Announcement Number: 2026-138
Shandong Longda Meishi Co., Ltd.
Announcement on Terminating Investment Projects and Permanently Supplementing Working Capital with Remaining Raised Funds
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.
Shandong Longda Meishi Co., Ltd. (hereinafter referred to as the "Company") held the 26th meeting of the Sixth Board of Directors on July 22, 2026, and approved the "Proposal on Terminating Investment Projects and Permanently Supplementing Working Capital with Remaining Raised Funds." It was resolved to terminate the Company's investment projects funded by the 2020 public offering of convertible corporate bonds and the 2021 private offering of shares (hereinafter referred to as "investment projects"), and to permanently supplement working capital with the remaining raised funds. In accordance with the "Supervision Regulations for Raised Funds of Listed Companies," "Shenzhen Stock Exchange Listing Rules No. 1 - Normative Operation of Main Board Listed Companies," and other relevant regulations, this matter needs to be submitted for approval by the Company's shareholders' meeting. The relevant matters are hereby announced as follows:
I. Basic Situation of Raised Funds
(I) 2020 Public Offering of Convertible Corporate Bonds
Approved by the China Securities Regulatory Commission (hereinafter referred to as "CSRC") document "CSRC Permit (2020) 1077," the Company publicly issued convertible corporate bonds with a total amount of RMB 950,000,000 on July 13, 2020. Each bond has a face value of RMB 100, totaling 9,500,000 bonds with a term of 6 years. After deducting the underwriting and sponsorship fees of RMB 14,000,000.00 (excluding tax), the Company actually received RMB 936,000,000.00 in subscription funds for convertible corporate bonds. These raised funds were received on July 17, 2020. After deducting issuance expenses such as underwriting and sponsorship commissions, audit fees, legal fees, and credit rating fees totaling RMB 14,216,981.13 (excluding tax), the net amount of raised funds from the Company's public offering of convertible corporate bonds was RMB 935,783,018.87. Zhongshui Zhonghuan Certified Public Accountants (Special General Partnership) conducted the audit and issued the "Capital Verification Report" (Zhonghuan Yan Zi [2020] No. 280003). After deducting the deductible input VAT of RMB 840,000.00 from the underwriting and sponsorship fees, the net amount of raised funds from the Company's public offering of convertible corporate bonds was RMB 934,943,018.87.
The raised funds were invested in the following projects:
| No. | Project Name | Amount of Raised Funds Invested (RMB million) |
|---|---|---|
| 1 | New project for 500,000 commercial pigs annually in Shiqipu Town, Anqiu City | 66,500.00 |
| 2 | Supplementing working capital | 28,500.00 |
| Total | 95,000.00 |
(II) 2021 Private Offering of Shares
According to the CSRC document "CSRC Permit (2021) 103" issued on January 13, 2021, approving Shandong Longda Meat Food Co., Ltd.'s private offering of shares, the Company was approved to privately offer no more than 298,781,574 ordinary shares. Based on investor subscriptions, the actual number of shares issued in this private offering was 76,029,409 shares, with an issue price of RMB 8.16 per share, all subscribed in cash, totaling RMB 620,399,977.44. After deducting issuance expenses (excluding tax) totaling RMB 9,613,574.57, the net raised funds were RMB 610,786,402.87. These funds were received on July 28, 2021. Zhongshui Zhonghuan Certified Public Accountants (Special General Partnership) conducted the audit and issued the "Capital Verification Report" (Zhonghuan Yan Zi [2021] No. 2800002).