LONGDA(SZ:002726) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-16 06:07Meeting Overview - The third meeting of the sixth board of directors of Shandong Longda Food Co., Ltd. was held on August 15, 2025, with all nine directors present [2][4]. Fund Utilization - The board approved the proposal to temporarily use idle raised funds to supplement working capital, allowing up to 453 million yuan, with 380 million yuan from convertible bond funds and 73 million yuan from non-public stock issuance [3][14][16]. - The funds will be used exclusively for the main business operations of the company and its subsidiaries, including Henan Longda Muyuan Meat Food Co., Ltd., Liaocheng Longda Meat Food Co., Ltd., Weifang Zhenxiang Food Co., Ltd., and Yantai Longda Breeding Co., Ltd. [15][16]. Fund Management - The company will open a special account for the raised funds and sign relevant supervision agreements to ensure proper management and usage of the funds [3][26]. - The company has committed to not using the funds for high-risk investments or for purposes outside the specified business operations [15][17]. Previous Fund Usage - The company previously used idle raised funds amounting to 494.8 million yuan, with 396 million yuan from convertible bonds and 98.8 million yuan from non-public stock issuance, all of which have been returned to the special account within the stipulated time [12][13]. Regulatory Compliance - The board's decision to use idle funds complies with relevant laws and regulations, ensuring that the interests of shareholders and investors are protected [18][19].