Shandong Longda Food Co., Ltd.
Announcement on the Progress of Judicial Auction of Controlling Shareholder's Shares
The Company and 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.
Special Note:
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As of the date of this announcement, the online auction phase of this judicial auction has concluded. The auction successfully sold 66,833,141 unrestricted tradable shares, representing 4.9101% of the Company's current total share capital. The final transaction of the subject matter is subject to the auction confirmation ruling issued by the Chengdu Railway Transportation Intermediate Court. Subsequent steps involve payment, court execution of legal procedures, and equity transfer registration, and the final outcome remains uncertain.
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If the transfer of all auctioned shares is successfully completed, the shareholding of Lirun Development Holding Group Co., Ltd. (hereinafter referred to as "Lirun Development") in the Company will decrease to 205,437,621 shares, accounting for 15.0931% of the Company's total share capital. This will not result in a change of the Company's actual control. The Company will continue to monitor the progress of related matters and fulfill its information disclosure obligations in a timely manner.