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Announcement by Shandong Longda Food Co., Ltd. on Partial Shares of Controlling Shareholder Being Judicially Frozen Again and Receipt of "Notice of Assistance in Execution" and "Execution Ruling"
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Stock Code: 002726 Stock Abbreviation: Longda Food Announcement No.: 2026-022
Bond Code: 128119 Bond Abbreviation: Longda Convertible Bond
Shandong Longda Food Co., Ltd.
Announcement on the Re-Freezing of Part of the Shares Held by the Controlling Shareholder and the Receipt of the “Assistance Enforcement Notice” and “Enforcement Ruling”
Our company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or major omissions.
Shandong Longda Food Co., Ltd. (hereinafter referred to as “the Company”) recently received the “Assistance Enforcement Notice” [(2026) Lu 0103 Enforcement 1102] and the “Enforcement Ruling” [(2026) Lu 0103 Enforcement 1102] issued by the People’s Court of Shizhong District, Jinan City, Shandong Province. It was learned that the Company’s controlling shareholder, Lanyun Development Holding Group Co., Ltd. (hereinafter referred to as “Lanyun Development”), has part of its shares judicially frozen and will be forcibly sold. The relevant matters are hereby announced as follows:
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Note: The above re-frozen shares are those previously pledged by Lanyun Development.
As of the date of this announcement, the total frozen shares held by the controlling shareholder are as follows:
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Main contents of the “Assistance Enforcement Notice” and “Enforcement Ruling”
“Assistance Enforcement Notice”
Regarding the dispute over pledge-backed securities repurchase between Zhongtai Securities Co., Ltd. (the applicant) and the defendant, Lanyun Development Holding Group Co., Ltd., the civil judgment No. (2025) Lu 01 Min Zhong 15709 issued by the Jinan Intermediate People’s Court has taken legal effect. The defendant has not fulfilled the obligations specified in the legal document. According to the relevant provisions of the Civil Procedure Law of the People’s Republic of China, please assist in executing the following matters:
Due to the need for forced liquidation, assist in changing the securities account number held by the defendant, Lanyun Development Holding Group Co., Ltd., to a sellable frozen state: Securities account number 0800369326, securities name: Longda Food, stock code: 002726, stock type: unrestricted circulating shares, total 10 million shares, originally frozen by China Clearing Shenzhen Branch, to a sellable freeze, and freeze the defendant’s funds account. Pledge freeze serial number: 01670120210902UN000198.
After changing to a sellable freeze, sell the above securities until the total reaches 36,287,298 yuan, then stop selling. The proceeds from the sale and the interest within the funds account will be unfrozen and combined, then deducted and transferred to our court’s account.
Account name: People’s Court of Shizhong District, Jinan City
Bank: Qilu Bank Jinan Yingxiongshan Branch
Account number: 000000745004100000522096007
Applicant: Zhongtai Securities Co., Ltd., located at No. 7000 Jingyi Road, Shunhua Street, High-tech Zone, Jinan City, Shandong Province, Han Yu Financial Business Center, Block 5, Building 3.
Legal representative: Wang Hong, Chairman.
Defendant: Lanyun Development Holding Group Co., Ltd., located at No. 151 Free Trade West Street, Qianhai Shenzhen-Hong Kong Cooperation Zone, Nanshan Street, Shenzhen, with unified social credit code 914403003595139881.
Legal representative: Zhang Li, Manager and Director.
Regarding the dispute over pledge-backed securities repurchase between applicant Zhongtai Securities Co., Ltd. and defendant Lanyun Development Holding Group Co., Ltd., the civil judgment No. (2025) Lu 01 Min Zhong 15709 issued by the Jinan Intermediate People’s Court has taken legal effect. The defendant has not fulfilled the obligations specified in the legal document. According to Articles 253, 254, 255, and 264 of the Civil Procedure Law of the People’s Republic of China, the court rules as follows:
Freeze or deduct 38,000,000 yuan of the defendant’s bank deposits (including interest on delayed obligations until the case is fully executed) or seize property of equivalent value.
This ruling is effective immediately.
Other explanations
Due to the breach of pledge-backed securities repurchase agreement between the controlling shareholder Lanyun Development Holding Group Co., Ltd. and Zhongtai Securities Co., Ltd., part of the company’s shares held by the shareholder will be forcibly sold. The shareholding changes after the sale are as follows:
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Note: The above share changes are estimated based on the maximum sale limit of this enforcement, with the actual number of shares sold stopping once the total reaches 36,287,298 yuan.
The source of the shares being sold this time is from the transfer agreement; the method and timing of the sale will be based on actual enforcement.
The freezing of shares this time will not lead to a change in the company’s actual control, nor will it adversely affect the company’s production, operation, or governance.
The company and the controlling shareholder maintain independence in assets, business, and finances, with no illegal occupation of non-operating funds or violations of guarantees that harm the interests of the listed company.
The company will continue to monitor the progress of the above matters and fulfill its information disclosure obligations in accordance with relevant laws and regulations. Investors are advised to be aware of investment risks.
Documents for reference
“China Securities Depository and Clearing Corporation Limited Securities Pledge and Judicial Freeze Details”
“Assistance Enforcement Notice” [(2026) Lu 0103 Enforcement 1102]
“Enforcement Ruling” [(2026) Lu 0103 Enforcement 1102]
This announcement is hereby made.
Shandong Longda Food Co., Ltd.
Board of Directors
March 19, 2026