Group 1 - The company, Longda Food, announced on September 19 that it will not exercise the right to lower the conversion price of its convertible bonds, known as "Longda Convertible Bonds" [2] - The board of directors decided that for one month, from September 20, 2025, to October 19, 2025, it will not propose any downward adjustment to the conversion price even if the conditions are triggered [2] - Starting from October 20, 2025, if the conditions for downward adjustment are triggered again, the company will follow the relevant procedures to decide whether to exercise the right to adjust the conversion price [2]

关于预计触发可转债转股价格向下修正条件的提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 特别提示： 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002726 证券简称：龙大美食 公告编号：2025-073 债券代码：128119 债券简称：龙大转债 山东龙大美食股份有限公司 1、证券代码：002726 证券简称：龙大美食 2、债券代码：128119 债券简称：龙大转债 3、转股价格：人民币9.30元/股 4、转股期限：2021年1月18日至2026年7月12日 5、根据公司《山东龙大肉食品股份有限公司公开发行可转换公司债券募集说明书》（以下简称"《募集 说明书》"）规定：在本次发行的可转换公司债券（以下简称"可转债"）存续期间，当公司A股股票在 任意连续二十个交易日中有十个交易日的收盘价低于当期转股价格的90%时，公司董事会有权提出可转 债转股价格向下修正方案并提交公司股东大会审议表决。 本次触发可转债转股价格修正条件的期间从2025年9月8日起算，截至2025年9月12日，公司股票已有五 个交易日低于当期转股价格的90%（即8.3 ...

Core Viewpoint - The company intends to continue using part of the idle raised funds to temporarily supplement its working capital, following the approval of its board and independent directors, to improve fund utilization efficiency and reduce financial costs [6][9][10]. Fundraising Overview - The company raised a total of RMB 950 million through the issuance of convertible bonds, with a net amount of RMB 935.78 million after deducting underwriting and other issuance costs [1]. - In 2021, the company raised RMB 620.40 million through a private placement, with a net amount of RMB 610.79 million after costs [2]. Fund Usage Status - As of August 14, 2025, the company has utilized RMB 582.47 million of the convertible bond funds, leaving a balance of RMB 380.16 million [4]. - The company has utilized RMB 537.54 million of the private placement funds, leaving a balance of RMB 73.40 million [5]. - The unutilized funds are primarily allocated for pig farming projects, which have been delayed due to the downturn in the pig cycle and other market factors [6]. Previous Fund Usage for Working Capital - The company previously approved the use of up to RMB 494.80 million of idle funds for working capital, with specific amounts allocated from both convertible bonds and private placements [6][7]. Current Fund Usage Plan - The company plans to use up to RMB 380 million of idle funds for working capital, with RMB 73 million from private placement funds [8]. - This usage is expected to save approximately RMB 15 million in financial costs while ensuring the normal progress of investment projects [8]. Approval Process and Opinions - The board and independent directors have approved the plan to use idle funds for working capital, emphasizing that it will not affect the normal investment projects or harm shareholder interests [9][10]. - The company is required to return the funds to the special account within twelve months [8]. Sponsor's Verification Opinion - The sponsor has verified that the process for using idle funds complies with relevant laws and regulations, and there are no changes to the intended use of the funds that would harm shareholder interests [10][11].

债券代码：128119 债券简称：龙大转债 山东龙大美食股份有限公司 证券代码：002726 证券简称：龙大美食 公告编号：2025-064 一、会议召开和出席情况 （一）会议召开情况 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： （1）现场会议召开时间：2025 年 8 月 11 日下午 2:45； （2）网络投票时间：2025 年 8 月 11 日； 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 8 月 11 日上午 9:15-9:25，9:30-11:30，下午 1:00-3:00； 通过深圳证券交易所互联网投票系统投票的具体时间为：2025 年 8 月 11 日 上午 9:15 至下午 3:00 期间的任意时间。 会议室。 《上市公司股东会规则》等相关法律法规、规范性文件及《山东龙大美食股份 有限公司章程》的规定。 二、提案审议表决情况 （二）会议出席情况 通过现场和网络出席会议的股东 382 人，代表股份 303,805,117 股，占上市 公司有表决权股份总数的 29.2755%（已剔除截止股权登记日公司回购账户中 ...

Group 1 - The company issued 9.5 million convertible bonds with a total value of 950 million yuan, which began trading on August 7, 2020 [1] - The convertible bonds, named "Longda Convertible Bonds," have a conversion period from January 18, 2021, to July 12, 2026 [1] - The stock price of the company has been below 70% of the conversion price of 9.30 yuan per share for 30 consecutive trading days, triggering the conditional redemption clause of the convertible bonds [2] Group 2 - The redemption period for the convertible bonds will be from July 15 to July 21, 2025, during which the conversion of the bonds will be suspended [2] - The conversion of the bonds will resume on July 22, 2025, after the redemption application period ends [2] - The company emphasizes the importance of this announcement for the bondholders [2]

New Stock Listings - Huadian New Energy (600930) listed at an issue price of 3.18 on July 16, 2025[1] - Zhongcheng Tui (300208) has 2 trading days remaining until the last trading day[1] - Tui Shi Jin Gang (600190) also has 2 trading days remaining until the last trading day[1] Abnormal Fluctuations - Huayin Power (600744) reported severe abnormal fluctuations on July 15, 2025[1] - Changcheng Military Industry (601606) announced abnormal fluctuations on July 15, 2025[1] - ST Yanzhen (603389) reported abnormal fluctuations on July 16, 2025[1] Other Notable Announcements - ST Ya Zhen (000627) reported significant fluctuations with a value of 7189 on July 16, 2025[3] - Guosheng Technology (603778) reported fluctuations with a value of 3370 on July 15, 2025[3] - ST Xin Chao (600777) reported fluctuations with a value of 1008 on July 11, 2025[3]

Group 1 - The legal opinion letter is issued by Beijing Zhonglun (Chengdu) Law Firm regarding the repurchase of convertible bonds by Shandong Longda Meishi Co., Ltd. [1] - The company has provided necessary and authentic materials for the issuance of the legal opinion letter, ensuring that all documents are true, accurate, complete, and valid [3][4] - The legal opinion is limited to domestic legal issues related to the repurchase of convertible bonds and does not cover financial, accounting, or overseas matters [4][5] Group 2 - The company has obtained internal approvals and authorizations for the public issuance of A-share convertible bonds, including various resolutions and feasibility reports [6][7] - The China Securities Regulatory Commission approved the public issuance of convertible bonds totaling 950 million yuan, with a term of 6 years [7][8] - The convertible bonds, named "Longda Convertible Bonds," were listed and began trading on August 7, 2020 [8] Group 3 - According to the regulations, bondholders have the right to repurchase their bonds under certain conditions, including a drop in stock price below 70% of the conversion price [8][9] - The specific conditions for the repurchase state that if the stock price falls below 6.51 yuan per share, bondholders can exercise their repurchase rights [9] - The company is currently in the last two interest years of the convertible bonds, and the repurchase conditions have been met [9][10] Group 4 - The legal opinion concludes that bondholders can repurchase their convertible bonds according to the relevant regulations and the terms outlined in the offering document [10]

Group 1 - The company issued 9.5 million convertible bonds with a total amount of 950 million yuan, which began trading on August 7, 2020 [1] - The conversion period for the bonds is from January 18, 2021, to July 12, 2026, and the bonds are currently in the conversion period [1] - If the stock price falls below 70% of the conversion price of 9.30 yuan per share for 30 consecutive trading days, the conditional redemption clause for the bonds will take effect [2] Group 2 - The redemption period for the bonds will be from July 15 to July 21, 2025, during which the conversion will be suspended [2] - Trading of the bonds will continue normally during the suspension period [3]

Core Viewpoint - The announcement details the interest payment for the "Longda Convertible Bonds" for the fifth year, with a coupon rate of 1.80% for the period from July 13, 2024, to July 12, 2025 [1][2][3] Group 1: Bond Details - The face value of the bond is 1,000 yuan, with an interest payment of 18 yuan (including tax) [1] - The redemption price at maturity is set at 115 yuan (including the last interest payment) [1] - The bond has a tiered interest rate structure: 1.50% for the first four years, 1.80% for the fifth year, and 2.00% for the sixth year [1][2] Group 2: Interest Calculation and Payment - The annual interest is calculated using the formula I = B × i, where I is the annual interest amount, B is the total face value held by the bondholder, and i is the coupon rate for the year [2] - Interest payments are made annually, with the payment date being the anniversary of the bond's issuance [2][3] - The interest payment date for this period is set for July 13, 2025, with the record date being July 11, 2025 [4] Group 3: Taxation on Interest Income - Individual bondholders are subject to a 20% withholding tax on interest income, with the actual payment being 14.4 yuan for every 10 bonds after tax [3][4] - For qualified foreign institutional investors (QFII and RQFII), interest income is exempt from corporate income tax and value-added tax, allowing them to receive the full 18 yuan for every 10 bonds [4][5] - The company does not withhold taxes for other bondholders, who are responsible for paying their own interest income taxes [4][5]

Company Overview - Shandong Longda Food Co., Ltd. is a private listed company engaged in the slaughtering industry, maintaining a business structure focused on breeding, slaughtering, and food processing, with a full industry chain development advantage [3][5][10] - The company has undergone a board and executive personnel reshuffle, canceling the supervisory board and transferring its powers to the audit committee of the board [3][5] Financial Performance - In 2024, the company's operating profit loss significantly narrowed year-on-year, with total profit slightly turning positive, although revenues from various segments declined [5][21] - The company reported a total revenue of 109.90 billion yuan in 2024, down 17.49% year-on-year, with all business segments experiencing varying degrees of decline [21][22] - As of March 2025, the company had total assets of 59.76 billion yuan and total liabilities of 35.10 billion yuan, indicating a debt burden with a debt-to-asset ratio of 72.14% [9][10] Debt and Credit Rating - The company maintains a long-term credit rating of A+ and has placed its convertible bonds, "Longda Convertible Bonds," on a watch list [1][3] - As of March 2025, the outstanding balance of "Longda Convertible Bonds" was 946 million yuan, with a maturity date in July 2026 [9][10] Industry Analysis - The pig farming industry has experienced price fluctuations, with a recovery in pig prices expected in 2024, although the overall market remains under pressure from rising costs and animal diseases [11][12] - The meat processing industry in China is characterized by low concentration and intense competition, with large enterprises gradually increasing their market share through mergers and acquisitions [12][13] - The industry is expected to shift towards more standardized and large-scale operations, benefiting companies with strong capital and brand advantages [13][14] Strategic Adjustments - The company is strategically focusing on its food business, optimizing product structure, and reducing low-margin operations, while maintaining traditional breeding and slaughtering businesses to support its food segment [21][22] - The company has established stable relationships with over 1,000 well-known clients, including major restaurant chains and supermarkets, enhancing its market presence [17][18]