/ST Longda: Special report on the annual storage and actual use of funds raised in the 2026 semi-annual period

NEWS

ST Longda: Special report on the annual storage and actual use of funds raised in the 2026 semi-annual period

Shenzhen Stock Exchange

2026/08/29

Shandong Longda Food Co., Ltd.

Special report on the storage and use of raised funds in the first half of 2026

In accordance with the China Securities Regulatory Commission's "Regulations on the Supervision of Funds Raised by Listed Companies", the Shenzhen Stock Exchange's "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 1 - Standardized Operations of Main Board Listed Companies" and relevant format guidelines, Shandong Longda Food Co., Ltd. (hereinafter referred to as the "Company") prepared a special report on the storage and use of raised funds for the first half of 2026 as follows:

1. Basic situation of raised funds

Public issuance of convertible corporate bonds in 2020

(1) The actual amount of funds raised after deducting issuance fees and the time of fund arrival

As approved by the China Securities Regulatory Commission (hereinafter referred to as the "China Securities Regulatory Commission") Securities Regulatory Commission [2020] No. 1077, the company publicly issued a total of 950 million yuan of convertible corporate bonds on July 13, 2020, with a face value of RMB 100 each, a total of 9.5 million bonds, and a term of 6 years. After deducting the sponsorship and underwriting fee of RMB 14,000,000.00 (excluding tax), the company actually received RMB 936,000,000.00 of convertible corporate bond subscription funds. The above-mentioned raised funds were received on July 17, 2020. After deducting the issuance expenses of RMB 14,216,981.13 (excluding tax) such as underwriting, sponsor commissions, capital verification fees, lawyer fees, and credit rating fees, the actual net amount of funds raised by the company’s public issuance of convertible corporate bonds was RMB 935,783,018.87. Zhongshen Zhonghuan Accounting Firm (Special General Partnership) conducted the verification and issued the Capital Verification Report (Zhonghuan Yanzi [2020] No. 280003). After deducting the deductible value-added tax input tax of RMB 840,000.00 included in the sponsorship and underwriting fees, the actual net amount of funds raised by the company's public issuance of convertible corporate bonds was RMB 934,943,018.87.

(2) Amount used in previous years

As of December 31, 2022, the company has put into use a total of 542,549,132.13 yuan of raised funds. In 2020, 439,299,640.02 yuan of raised funds were put into use, including 285,000,000.00 yuan in supplementary working capital project expenses and 154,299,640.02 yuan in project expenses. In 2021, the raised funds were put into use. 77,186,423.55 yuan, of which 77,186,423.55 yuan is project expenditure. In 2022, 26,063,068.56 yuan of raised funds will be put into use, of which 26,063,068.56 yuan is project expenditure.

As of December 31, 2022, the company's raised funds that have not yet been put into use are 419,561,684.57 yuan (including the accumulated interest income of the special account for raised funds of 27,169,979.78 yuan) , deducting the accumulated bank fees and expenses of RMB 2,181.95), of which the account balance of raised funds is RMB 12,383,699.65, and the temporary supplementary working capital is RMB 407,177,984.92.

As of December 31, 2023, the company has put into use a total of 560,523,711.01 yuan of raised funds, and 17,974,578.88 yuan of raised funds will be put into use in 2023, including 17,974,578.88 yuan in project expenses.

As of December 31, 2023, the company has raised funds of RMB 401,958,423.34 that have not yet been put into use (including the accumulated interest income of the special account for raised funds of RMB 27,541,537.43 , deducting the accumulated bank fees and expenses of RMB 2,421.95), of which the account balance of raised funds is RMB 2,958,473.34, and the temporary supplementary working capital is RMB 398,999,950.00.

As of December 31, 2024, the company has put into use a total of 576,877,114.81 yuan of raised funds, and 16,353,403.80 yuan of raised funds will be put into use in 2024, of which 16,353,403.80 yuan was spent on projects.

As of December 31, 2024, the company has raised funds of RMB 385,748,617.95 that have not yet been put into use (including the accumulated interest income of the special account for raised funds of RMB 27,685,375.84, and deducting the accumulated bank fees of RMB 2,661.95), of which the balance of the raised funds account is RMB 448,617.95, and the temporary supplementary working capital is RMB 385,300,000.00.

As of December 31, 2025, the company has put into use a total of 583,771,200.64 yuan of raised funds, and 6,894,085.83 yuan of raised funds will be put into use in 2025, of which 6,894,085.83 yuan was spent on projects.

As of December 31, 2025, the company has raised funds of RMB 378,887,085.63 that have not yet been put into use (including the accumulated interest income of the special account for raised funds of RMB 27,718,169.35, and deducting the accumulated bank fees of RMB 2,901.95), of which the balance of the raised funds account is RMB 18,118.26, and the temporary supplementary working capital is RMB 378,868,967.37.

(3) Amount used this year and current balance

As of June 30, 2026, the company has put into use a total of 585,701,560.64 yuan of raised funds. From January to June 2026, it has put into use raised funds of 1,930,360.00 yuan, of which 1,930,360.00 yuan was project expenditure.

As of June 30, 2026, the company has raised funds of RMB 376,956,615.52 that have not yet been put into use (including the accumulated interest income of the special account for raised funds of RMB 27,718,179.24, and deducting the accumulated bank fees of RMB 3,021.95), of which the balance of the raised funds account is RMB 17,228.15, and the temporary supplementary working capital is RMB 376,939,387.37.

Non-public issuance of stocks in 2021

(1) The actual amount of funds raised after deducting issuance fees and the time of fund arrival

According to the "Reply on the Approval of the Non-public Issuance of Stocks by Shandong Longda Meat Food Co., Ltd." issued by the China Securities Regulatory Commission on January 13, 2021, the China Securities Regulatory Commission issued the CSRC License [2021] No. 103. 76,029,409.00 shares, with an issuance price of RMB 8.16 per share, are all cash subscriptions, totaling RMB 620,399,977.44. After deducting various tax-exclusive issuance expenses totaling RMB 9,613,574.57, the net raised funds are RMB 610,786,402.87. The above funds were received on July 27, 2021. Zhongshen Zhonghuan Accounting Firm (Special General Partnership) conducted the verification and issued the "Capital Verification Report" (Zhonghuan Yanzi (2021) No. 2800001, Zhonghuan Yanzi (2021) No. 2800002). After deducting the deductible value-added tax input tax of RMB 576,814.48 included in various issuance expenses, the company's actual net funds raised from this non-public issuance of stocks were RMB 610,209,588.39.

(2) Amount used in previous years

As of December 31, 2022, the company has put into use a total of 488,408,123.25 yuan of raised funds. In 2021, 408,415,651.89 yuan of raised funds were put into use, including 186,119,993.23 yuan in supplementary working capital project expenditures and 222,295,658.66 yuan in project expenditures. In 2022, 408,415,651.89 yuan of raised funds were put into use. 79,992,471.36 yuan, including project expenditure of 79,992,471.36 yuan.

As of December 31, 2022, the company’s raised funds that have not yet been put into use are 122,511,281.38 yuan (including the accumulated interest income of the special account for raised funds of 141,645.70 yuan, and its own funds have been replenished by 253 ,303.07 yuan, and deducting the accumulated bank fees and expenses of 11,161.94 yuan), of which the raised fund account balance is 1,413,425.04 yuan, and the temporary supplementary working capital is 121,097,856.34 yuan.

As of December 31, 2023, the company has put into use a total of 503,287,890.37 yuan of raised funds, and 14,879,767.12 yuan of raised funds will be put into use in 2023, including 14,879,767.12 yuan in project expenses.

As of December 31, 2023, the company has raised funds of RMB 107,638,996.54 that have not yet been put into use (including the accumulated interest income of the special account for raised funds of RMB 152,498.12, and deducting the accumulated bank fees of RMB 14,532.08), of which the balance of the raised funds account is RMB 7,142,207.55, and the temporary supplementary working capital is RMB 100,496,788.99.

As of December 31, 2024, the company has put into use a total of 518,170,995.07 yuan of raised funds, and 14,883,104.70 yuan of raised funds will be put into use in 2024, including 14,883,104.70 yuan in project expenses.

As of December 31, 2024, the company has raised funds of RMB 92,761,478.01 that have not yet been put into use (including the accumulated interest income of the special account for raised funds of RMB 161,795.49, the replenishment of self-owned funds of RMB 253,303.07, and deducting the accumulated bank fees of RMB 18,243.28), of which the balance of the raised funds account is 924,689.02 Yuan, temporarily replenishing working capital of 91,836,788.99 yuan.

As of December 31, 2025, the company has put into use a total of 542,315,192.67 yuan of raised funds, and 24,144,197.60 yuan of raised funds will be put into use in 2025, including 24,144,197.60 yuan in project expenses.

As of December 31, 2025, the company has raised funds of RMB 68,626,353.23 that have not yet been put into use (including the accumulated interest income of the special account for raised funds of RMB 163,167.93, supplementary investment of self-owned funds of RMB 266,514.08, and deducting the accumulated bank fees of RMB 23,753.91), of which the balance of the raised funds account is 604,127.10 yuan Yuan, temporarily replenishing working capital of 68,022,226.13 yuan.

(3) Amount used this year and current balance

As of June 30, 2026, the company has put into use a total of 544,451,550.38 yuan of raised funds, and 2,135,657.71 yuan of raised funds from January to June 2026, including 2,135,657.71 yuan in project expenses.

As of June 30, 2026, the company has raised funds of RMB 66,488,995.85 that have not yet been put into use (including the accumulated interest income of the special account for raised funds of RMB 163,437.26, the replenishment of self-owned funds of RMB 266,514.08, and deducting the accumulated bank fees of RMB 25,022.91), of which the balance of the raised funds account 1,136,439.12 yuan, and temporarily supplemented working capital of 65,352,556.73 yuan.

2. Storage and management of raised funds

In order to standardize the management and use of the company's raised funds and improve the efficiency and effectiveness of the use of raised funds, in accordance with the "Company Law of the People's Republic of China", "Securities Law of the People's Republic of China", "Shenzhen Stock Exchange Stock Listing Rules", "Supervisory Rules for Raised Funds of Listed Companies" and "Shenzhen Stock Exchange" Listed Company Self-Regulation Guideline No. 1 - Standardized Operation of Main Board Listed Companies" and other laws, administrative regulations, normative documents and the "Articles of Association of Shandong Longda Food Co., Ltd.", combined with the actual situation of the company, the "Shandong Longda Food Co., Ltd. Raised Fund Management System" was formulated.

In order to adapt to the requirements of the latest laws and regulations and strengthen the company's daily operations and management, the company revised the "Shandong Longda Food Co., Ltd. Raised Fund Management System" in 2025, which was reviewed and approved at the second meeting of the company's sixth board of directors on July 25, 2025.

Public issuance of convertible corporate bonds in 2020

According to the "Prospectus for the Company's Public Issuance of Convertible Corporate Bonds", the implementation entity of the "New 500,000-year-slaughter commercial pig project in Shibuzi Town, Anqiu City" among the company's investment projects with part of the raised funds this time is Anqiu Longda Breeding Co., Ltd. (hereinafter referred to as "Anqiu Longda").

(1) Three-party supervision agreement

On August 5, 2020, the Company signed a "Tripartite Supervision Agreement on Raised Funds" with the Laiyang Branch of Bank of China Co., Ltd. and China Securities Co., Ltd. to clarify the rights and obligations of all parties. Its content is not significantly different from the Shenzhen Stock Exchange's Tripartite Supervision Agreement Model. The Company has no problems in fulfilling the tripartite supervision agreement.

On August 5, 2020, the Company signed a "Tripartite Supervision Agreement on Raised Funds" with the Laiyang Branch of Industrial and Commercial Bank of China Co., Ltd. and China Securities Co., Ltd. to clarify the rights and obligations of all parties. Its content is not significantly different from the Shenzhen Stock Exchange's Tripartite Supervision Agreement Model. The Company has no problems in fulfilling the tripartite supervision agreement.

On August 5, 2020, the Company signed a "Tripartite Supervision Agreement on Raised Funds" with the Yantai Binhai Branch of China Merchants Bank Co., Ltd. and China Securities Co., Ltd. to clarify the rights and obligations of all parties. Its content is not significantly different from the Shenzhen Stock Exchange's Tripartite Supervision Agreement Model. The Company has no problems in fulfilling the tripartite supervision agreement.

On August 6, 2020, the Company, the project implementation entity Anqiu Longda, Dazhou Bank Co., Ltd., and China Securities Co., Ltd. signed the "Tripartite Supervision Agreement on Raised Funds", which clarifies the rights and obligations of all parties. Its content is not significantly different from the Shenzhen Stock Exchange Tripartite Supervision Agreement Model. The Company has no problems in fulfilling the tripartite supervision agreement.

(2) Status of the four-party supervision agreement

According to the relevant provisions of the China Securities Regulatory Commission's "Supervision Rules for Listed Companies Raising Funds" and "Shenzhen Stock Exchange Self-Regulatory Supervision Guidelines for Listed Companies No. 1 - Standardized Operation of Main Board Listed Companies", raised funds should be deposited in a special account established with the approval of the board of directors for centralized management and use. Listed companies that use idle raised funds to temporarily supplement working capital should do so through a special account for raised funds.

On August 15, 2025, the third meeting of the company's sixth board of directors reviewed and approved the opening of a special account for raised funds and signed a relevant regulatory agreement, which will be used exclusively to temporarily supplement idle raised funds for working capital. The special account for raised funds opened is only used for the storage and use of funds raised from the public issuance of convertible corporate bonds to temporarily supplement working capital, and the funds raised from the non-public issuance of A shares to temporarily supplement working capital. Non-raised funds may not be stored or used for other purposes. The company separately cooperates with its subsidiaries Henan Longda Muyuan Meat Food Co., Ltd. (now Henan Longda Long Mu Meat Food Co., Ltd.), Neixiang County Branch of Agricultural Bank of China Co., Ltd., and CITIC Securities Co., Ltd., and with its subsidiaries Liaocheng Longda Meat Food Co., Ltd., Liaocheng Branch of China Merchants Bank Co., Ltd., and CITIC Securities Co., Ltd. Co., Ltd., signed the "Four-Party Supervision Agreement on Raised Funds" with its subsidiaries Weifang Zhenxiang Food Co., Ltd., Agricultural Bank of China Co., Ltd. Laiyang Branch, and CITIC Securities Co., Ltd., and with its subsidiaries Yantai Longda Breeding Co., Ltd., Agricultural Bank of China Co., Ltd. Laiyang Branch, and CITIC Securities Co., Ltd. In the process of raising funds to replenish working capital, the company strictly fulfilled the provisions of the four-party supervision agreement and did not violate the "Supervision Rules for Funds Raised by Listed Companies".

(3) Storage status of raised funds in various bank accounts

As of June 30, 2026, the specific situation of the company’s raised funds supervision account is as follows:

Company name Name of opening bank Account Balance (yuan) Status Anqiu Longda Breeding Co., Ltd. Dazhou Bank Co., Ltd. 828010100100140800 4,975.52 Normal

Chat with China Merchants Bank Co., Ltd.

Liaocheng Longda Meat Food Co., Ltd. 638900511010006 8,415.91 Normal

City Branch

Henan Longdalong Mu Meat Food Co., Ltd. Agricultural Bank of China Co., Ltd.

16684801040013249 255.66 Normal company Dacheng Branch, Sineixiang County

Agricultural Bank of China Co., Ltd.

Weifang Zhenxiang Food Co., Ltd. 15355901040011223 427.46 Normal Division Laiyang Longwangzhuang Branch

Agricultural Bank of China Co., Ltd.

Yantai Longda Breeding Co., Ltd. 15356501040012079 3,153.60 Normal Division Xiguan Branch

Total 17,228.15

Non-public issuance of stocks in 2021

According to the "Feasibility Analysis Report on the Use of Funds Raised by the Company's Non-public Issuance of Stocks", the company's investment project with part of the raised funds this time, "Shandong New Year's Slaughter Pig Breeding Project of 660,000 Heads", is implemented by Laiyang Longda Breeding Co., Ltd. (hereinafter referred to as "Laiyang Longda") and Laizhou Longda Breeding Co., Ltd. (hereinafter referred to as "Laizhou Longda").

Laizhou Longda and Laiyang Longda are wholly-owned subsidiaries of Heilongjiang Longda Breeding Co., Ltd. (hereinafter referred to as "Heilongjiang Breeding"), and Heilongjiang Breeding is a wholly-owned subsidiary of the Company.

(1) Three-party supervision agreement

In July 2021, the Company, Heilongjiang Breeding, Laiyang Branch of Industrial and Commercial Bank of China Co., Ltd., and CITIC Securities Co., Ltd. signed a "Tripartite Supervision Agreement on Raised Funds" to clarify the rights and obligations of all parties. Its content is not significantly different from the Shenzhen Stock Exchange Tripartite Supervision Agreement Model. The Company has no problems in fulfilling the tripartite supervision agreement.

On July 16, 2021, the Company, Heilongjiang Breeding, Laiyang Branch of China Construction Bank Co., Ltd., and CITIC Securities Co., Ltd. signed a "Tripartite Supervision Agreement on Raised Funds" to clarify the rights and obligations of all parties. Its content is not significantly different from the Shenzhen Stock Exchange's Tripartite Supervision Agreement Model. The Company has no problems in fulfilling the tripartite supervision agreement.

On August 16, 2021, the Company, Heilongjiang Breeding, and project implementation entity Laizhou Longda signed a "Tripartite Supervision Agreement on Raised Funds" with the Laiyang Branch of Agricultural Bank of China Co., Ltd., and CITIC Securities Co., Ltd. to clarify the rights and obligations of all parties. There are no major differences between its content and the Shenzhen Stock Exchange Tripartite Supervision Agreement Model. The Company has no problems in fulfilling the tripartite supervision agreement.

On August 16, 2021, the company, Heilongjiang Breeding, and project implementation entity Laizhou Longda signed a "Tripartite Supervision Agreement on Raised Funds" with the Yantai Branch of Qilu Bank Co., Ltd., and CITIC Securities Co., Ltd. to clarify the rights and obligations of all parties. There is no major difference between its content and the Shenzhen Stock Exchange Tripartite Supervision Agreement Model. The Company has no problems in fulfilling the tripartite supervision agreement.

On August 16, 2021, the Company, Heilongjiang Breeding, Laiyang Branch of China Construction Bank Co., Ltd., and CITIC Securities Co., Ltd. signed a "Tripartite Supervision Agreement on Raised Funds" to clarify the rights and obligations of all parties. Its content is not significantly different from the Shenzhen Stock Exchange Tripartite Supervision Agreement Model. The Company has no problems in fulfilling the tripartite supervision agreement.

On August 16, 2021, the company, Heilongjiang Breeding, and project implementation entity Laiyang Longda signed a "Tripartite Supervision Agreement on Raised Funds" with the Laiyang Branch of Industrial and Commercial Bank of China Co., Ltd., and CITIC Securities Co., Ltd. to clarify the rights and obligations of all parties. There are no major differences between its content and the Shenzhen Stock Exchange Tripartite Supervision Agreement Model. The Company has no problems in fulfilling the tripartite supervision agreement.

(2) Storage status of raised funds in various bank accounts

As of June 30, 2026, the specific situation of the company’s raised funds supervision account is as follows:

Company name Name of opening bank Account number Balance (yuan) Status Shandong Longda Food Co., Ltd. Industrial and Commercial Bank of China Co., Ltd.

1606021229200136280 57,360.25 Normal Company Laiyang Branch of the Company

Shandong Longda Food Co., Ltd. China Construction Bank Co., Ltd.

37050166607000001318 41,116.93 Normal Company Laiyang Branch of the Company

Heilongjiang Longda Breeding Co., Ltd. China Construction Bank Co., Ltd.

37050166607000001344 9,086.55 Normal Department Laiyang Branch of the Company

Industrial and Commercial Bank of China Co., Ltd.

Laiyang Longda Breeding Co., Ltd. 1606025819200050630 2,805.50 Normal Company Laiyang Branch

Agricultural Bank of China Co., Ltd.

Laizhou Longda Breeding Co., Ltd. 15357101040002862 999,415.33 Freeze Note to Laiyang Branch of the Company

Qilu Bank Co., Ltd.

Laizhou Longda Breeding Co., Ltd. 86622001101421006459 26,654.56 Frozen injection Yantai Branch

Total 1,136,439.12

Note: Due to a dispute over the land contract, the plaintiff Zhang Duoyi sued Laizhou Longda Breeding Co., Ltd. to the court and implemented preservation measures. The account of the raised funds was frozen at 1.0261 million yuan.

3. Actual use of funds raised this year

Public issuance of convertible corporate bonds in 2020

For the actual use of funds raised this year, please refer to the "Comparison of the Use of Raised Funds (Public Issuance of Convertible Corporate Bonds in 2020) (Appendix 1)".

Non-public issuance of stocks in 2021

For the actual use of funds raised this year, please refer to the "Comparison of the Use of Raised Funds (Non-Public Issuance of Stocks in 2021) (Appendix 2)".

4. Changes in the use of funds raised for investment projects

Public issuance of convertible corporate bonds in 2020

During the reporting period, there were no changes in investment projects with proceeds from the public issuance of convertible corporate bonds in 2020.

Non-public issuance of stocks in 2021

During the reporting period, there were no changes in investment projects with proceeds from the non-public issuance of stocks in 2021.

5. Problems in the use and disclosure of raised funds

The Company uses the raised funds in accordance with the provisions and requirements of relevant laws, regulations and normative documents, and discloses the use of raised funds in a timely, truthful, accurate and complete manner. There are no violations in the use and management of raised funds. Attachment 1: Comparison table of usage of raised funds (public issuance of convertible corporate bonds in 2020)

Attachment 2: Comparison table of usage of raised funds (non-public issuance of stocks in 2021)

The company's board of directors guarantees that the contents of the above report are true, accurate and complete, and that there are no false records, misleading statements or major omissions.

If the company has raised more than two times and used the raised funds in the current year, it should be explained separately in the special report.

Attachment 1: Comparison table of usage of raised funds (public issuance of convertible corporate bonds in 2020)

Attachment 2: Comparison table of usage of raised funds (non-public issuance of stocks in 2021)

Board of Directors of Shandong Longda Food Co., Ltd.

Schedule 1 on August 28, 2026:

Comparison table of usage of raised funds (annual public issuance of convertible corporate bonds)

2020

2026 half year

Compilation unit: Shandong Longda Food Co., Ltd. Amount unit: Total raised funds in RMB 10,000 (Note 1) 95,000.00 Total raised funds invested during the year 193.04 Total raised funds whose purpose was changed during the reporting period

The cumulative total amount of raised funds that have been changed in use. The cumulative total amount of raised funds that have been invested 58,570.16 The cumulative proportion of total raised funds that have been changed in use.

Has the project reached

Invest by the end of the period

Change items have reached the scheduled level. Whether the feasibility of the project is achieved is the promised investment project and the investment beyond the raised funds. The raised funds undertake to invest after adjustment. The cumulative investment progress as of the end of the period has been achieved during the year.

Project (including the amount invested this year) Can be used to estimate whether there will be any major changes Total investment (1) Amount invested (2) (%) (3) = Current benefits

Partial change status day benefits

(2)/(1)

(Updated) issue

Commitment to investment projects

Supplementary working capital No 28,500.00 28,500.00 28,500.00 100.00% - Not applicable No
New Year’s Eve in Shibuzi Town, Anqiu City

Project of selling 500,000 commercial pigs No 66,500.00 66,500.00 193.04 30,070.16 45.22% Note -959.76 No No (Yanyu Pig Farm, Xiliuzhuang Pig Farm)

Subtotal of committed investment projects 95,000.00 95,000.00 193.04 58,570.16

Investment direction of super-raised funds

Subtotal of investment of excess raised funds

Total 95,000.00 95,000.00 193.04 58,570.16

On April 28, 2022, the second meeting of the company's fifth board of directors and the second meeting of the fifth board of supervisors reviewed and approved the "Proposal on the Extension of Some Fund-raising Projects". Due to the large overall project volume and long construction period of the fund-raising project, there are many uncontrollable factors in the project construction process. This extension is mainly due to the impact of the new coronavirus epidemic and road transportation. The construction of the project's civil engineering is slower than planned and has not reached the planned progress or expected benefits. progress, causing equipment and other investments to be delayed accordingly, so the overall investment failed to meet the planned progress. The company pays close attention to the development trends of the industry and gradually advances the project progress based on the company's actual situation. In summary, after careful study, the "newly built commercial pig project of 500,000 pigs per year in Shibuzi Town, Anqiu City" is still in line with the company's strategic plan, is still necessary and feasible to implement, and the expected returns can still be fully guaranteed. Therefore, it has been decided to postpone the time for the above-mentioned investment project to reach the scheduled usable state.

On September 19, 2025, the fifth meeting of the company's sixth board of directors reviewed and approved the "Proposal on the Further Delay and Re-evaluation of Some Fund-raising Projects". Affected by the industry cycle, pig prices have continued to run at low levels since 2021, and have fluctuated near the feeding cost line for a long time. Except for a periodic rebound in the second half of 2022, the pig breeding industry as a whole is facing large losses. Affected by this, the company's operating performance has declined significantly since 2021, with losses in some years, and operating cash flow is generally tight. Based on its actual production and operation and the fact that the industry has entered an in-depth restructuring of production capacity, the company has scaled back the pace of production capacity expansion and shifted its business focus to the goals of ensuring the safety of operating cash flow and promoting the quality and efficiency of the pig farms that have been put into production. The company comprehensively considers its own financial situation, industry cycle and market environment, biological epidemic prevention and control and other factors, and based on the principle of prudence and the purpose of protecting the interests of investors, it has slowed down the investment progress of the above-mentioned investment projects with raised funds. From the perspective of safeguarding the interests of the company and protecting the rights and interests of small and medium-sized investors, in order to ensure the orderly completion and putting into use of the investment projects and improve the efficiency of the use of raised funds, the company once again sorted out and coordinated and optimized the implementation progress of the above-mentioned investment projects based on the current overall market environment, as well as the actual construction status and investment progress of the investment projects. The company has decided to extend the estimated usability date for the "new annual slaughter of 500,000 commercial pigs project in Shibuzi Town, Anqiu City" to August 31, 2026, while maintaining the implementation entity of the existing fundraising projects, the total investment amount of the raised funds and the use of funds unchanged.

On July 22, 2026, the 26th meeting of the company's sixth board of directors reviewed and approved the "Proposal on Terminating Investment Projects and Permanently Replenishing Liquidity with Remaining Raised Funds", and the proposal was reviewed and approved by the company's fourth extraordinary shareholders' meeting in 2026. The company comprehensively considers its own financial situation, industry cycle and market environment, biological epidemic prevention and control and other factors, and based on the considerations of prudent operation and safeguarding the interests of shareholders, reasonably improves the efficiency of the use of raised funds. The company terminates the above projects and permanently replenishes working capital with the remaining raised funds, thereby improving the company's capital use efficiency and further optimizing resource allocation.

Description of major changes in project feasibility Not applicable

Amount, purpose and progress of use of excess raised funds Not applicable

Changes in implementation location of investment projects with raised funds Not applicable

Adjustments to the implementation methods of investment projects with raised funds Not applicable

On August 20, 2020, after review and approval by the company's board of directors, the company used raised funds of 35.8142 million yuan to replace the 35.8142 million yuan of self-raised funds invested in advance.

Advance investment and replacement of raised funds in investment projects This matter has been verified by the special report No. Zhonghuan Zhuanzi [2020] 280025 issued by Zhongshen Zhonghuan Accounting Firm (Special General Partnership) on August 4, 2020.

The company's independent directors, board of supervisors and sponsors have respectively expressed their opinions on the above matters.

On August 12, 2021, the 34th meeting of the company's fourth board of directors reviewed and approved the "Proposal on Using Part of Idle Raised Funds to Temporarily Supplement Working Capital", and the company decided to use part of the idle raised funds from convertible bonds of 462.4796 million yuan (including the use of idle raised funds to temporarily replenish working capital). Number) Temporarily replenish working capital. The funds are limited to production and operations related to the company's main business. The use period is within twelve months from the date of approval by the board of directors. The above quota can be used on a rolling basis during the validity period of the resolution. After expiration, it will be returned to the company's special storage account for raised funds in a timely manner.

As of August 5, 2022, the company has returned all the above-mentioned raised funds used to temporarily supplement working capital to the special account for raised funds in accordance with regulations, and the use period has not exceeded 12 months.

On August 12, 2022, after the fifth meeting of the company's fifth board of directors reviewed and approved the "Proposal on Continuing to Use Part of the Idle Raised Funds to Temporarily Supplement Working Capital", the company decided to use part of the idle raised funds from convertible bonds of 405.7267 million yuan (including the original amount) to temporarily supplement working capital. This fund is limited to the production and operation related to the company's main business. The period of use is twelve months from the date of approval by the board of directors, and will be returned to the company's special storage account for raised funds in a timely manner before expiration. During this period, if the balance of the special raised funds account cannot meet the normal payment of raised funds, the company will return the raised funds that have temporarily supplemented working capital to the special raised funds account based on actual needs.

As of August 11, 2023, the company has returned all the above-mentioned raised funds used to temporarily supplement working capital to the special account for raised funds in accordance with regulations, and the use period has not exceeded 12 months.

On August 14, 2023, after the 15th meeting of the company's fifth board of directors reviewed and approved the "Proposal on Continuing to Use Part of the Idle Raised Funds to Temporarily Supplement Working Capital", the company decided to use part of the idle raised funds from convertible bonds of 399.0 million yuan (including the original amount) to temporarily supplement working capital. This fund is limited to the production and operation related to the company's main business. The period of use is twelve months from the date of approval by the board of directors, and will be returned to the company's special storage account for raised funds in a timely manner before expiration. During this period, if the balance of the special raised funds account cannot meet the normal payment of raised funds, the company will return the raised funds that have temporarily supplemented working capital to the special raised funds account based on actual needs.

As of August 13, 2024, the company has returned all the above-mentioned raised funds used to temporarily supplement working capital to the special account for raised funds in accordance with regulations, and the use period of the above-mentioned funds has not exceeded 12 months.

On August 15, 2024, the 15th meeting of the company's fifth board of directors reviewed and approved the "Proposal on Continuing to Use Part of the Idle Raised Funds to Temporarily Supplement Working Capital". The company decided to use part of the idle raised funds from convertible bonds of 396 million yuan (including the principal amount) to temporarily supplement working capital. This fund is limited to the production and operation related to the company's main business. The period of use is twelve months from the date of approval by the board of directors. It will be returned to the company's special storage account for raised funds in a timely manner before expiration. During this period, if the balance of the special raised funds account cannot meet the normal payment of raised funds, the company will return the raised funds that have temporarily supplemented working capital to the special raised funds account based on actual needs.

As of August 14, 2025, the company has returned all the above-mentioned raised funds used to temporarily supplement working capital to the special account for raised funds in accordance with regulations, and the use period has not exceeded 12 months.

On August 15, 2025, the third meeting of the company's sixth board of directors reviewed and approved the "Proposal on Continuing to Use Part of Idle Raised Funds to Temporarily Supplement Working Capital." The company decided to use idle raised funds from convertible bonds not exceeding 380 million yuan (including the original amount) to temporarily replenish working capital. This amount of funds is limited to the company and its subsidiary Henan Long The production and operation related to the main business of Dalong Mu Meat Food Co., Ltd. (formerly Henan Long Damu Meat Food Co., Ltd.), Liaocheng Long Da Meat Food Co., Ltd., Weifang Zhenxiang Food Co., Ltd., and Yantai Long Da Breeding Co., Ltd. shall be used within twelve months from the date of approval by the board of directors, and will be returned to the company's special storage account for raised funds in a timely manner before expiration. During this period, if the balance of the special raised funds account cannot meet the normal payment of raised funds, the company will return the raised funds that have temporarily supplemented working capital to the special raised funds account based on actual needs. On July 22, 2026, the 26th meeting of the company's sixth board of directors reviewed and approved the "Proposal on Terminating Investment Projects and Permanently Replenishing Liquidity with Remaining Raised Funds", and the proposal was reviewed and approved by the company's fourth extraordinary shareholders' meeting in 2026. After deliberation and approval by the shareholders' meeting, the temporarily replenishing working capital of idle raised funds that are still in use will be directly converted into permanent replenishing working capital and will no longer be returned to the special account for raised funds.

Cash management using idle raised funds Not applicable

The amount and reasons for the savings in raised funds during project implementation. The project has not yet been completed and is not applicable.

The unused raised funds are mainly used for the following purposes:

The purpose and destination of unused raised funds (1) Temporarily replenish working capital of RMB 376.9394 million;

(2) The remaining unused raised funds of RMB 17,200 are deposited in a special account for raised funds.

Problems or other situations in the use and disclosure of raised funds None.

Note 1: The company’s actual net raised funds were RMB 934.943 million, and the difference between the company’s total amount of committed investment projects and the total amount of RMB 950.00 million was due to issuance expenses.

Note 2: After the funds raised from this issuance are in place, if the actual net amount of funds raised is less than the total planned investment of funds raised in the above projects, the shortfall will be settled by the company's own funds or through other financing methods.

Note 3: As of the end of June 2026, part of it will be put into use.

Schedule 2:

Comparison table of usage of raised funds (non-public issuance of stocks in 2016)

2021

2026 half year

Compilation unit: Shandong Longda Food Co., Ltd. Unit of amount: Total raised funds in RMB 10,000 (Note 1) 62,040.00 Total raised funds invested during the year 213.57 Total raised funds whose purpose was changed during the reporting period

The cumulative total amount of raised funds that have been changed in use. The total amount of raised funds that have been invested. 54,445.16 The cumulative proportion of total raised funds that have been changed in use.

Have you

Commitment investment projects Change items Projects have reached the target

Raised funds commitment Adjusted investment for the year Investment as of the end of the period Cumulative investment as of the end of the period Investment progress for the year The actual project feasibility has reached the forecast and exceeded the total amount of raised funds invested (including the usable status) The total amount of investment (1) Total amount of investment (2) (%) (3) = (2)/(1) Current benefits Major changes in planned benefits have occurred Partial change

more)

Commitment to investment projects

Supplement working capital

No 45,000.00 18,612.00 18,612.00 100.00% - Not applicable No gold

Shandong New Year

660,000 pigs sold for slaughter

head breeding project

No 105,000.00 42,466.64 213.57 35,833.16 84.38% Note -1,406.88 No No (Gougezhuang Pig

Chang, Matai Stone Pig

field)

Commitment to investment projects

150,000.00 61,078.64 213.57 54,445.16

Subtotal

Investment direction of super-raised funds

Subtotal

Total 150,000.00 61,078.64 213.57 54,445.16

On September 19, 2025, the fifth meeting of the company's sixth board of directors reviewed and approved the "Proposal on the Further Delay and Re-evaluation of Some Fund-raising Projects". Affected by the industry cycle, pig prices have continued to run at low levels since 2021, and have fluctuated near the feeding cost line for a long time. Except for a periodic rebound in the second half of 2022, the pig breeding industry as a whole is facing large losses. Affected by this, the company's operating performance has declined significantly since 2021, with losses in some years, and operating cash flow is generally tight. Based on its actual production and operation and the fact that the industry has entered an in-depth restructuring of production capacity, the company has scaled back the pace of production capacity expansion and shifted its business focus to the goals of ensuring the safety of operating cash flow and promoting the quality and efficiency of the pig farms that have been put into production. The company comprehensively considers its own financial situation, industry cycle and market environment, biological epidemic prevention and control and other factors, and based on the principle of prudence and the purpose of protecting the interests of investors, it has slowed down the investment progress of the above-mentioned investment projects with raised funds. From the perspective of safeguarding the interests of the company and protecting the rights and interests of small and medium-sized investors, in order to ensure the orderly completion and putting into use of the raised investment projects and improve the efficiency of the use of raised funds, the company has taken into account the current market situation and reasons for not reaching the planned progress or expected returns.

The overall environment, as well as the actual construction situation and investment progress of the raised investment projects, once again sort out and coordinate and optimize the implementation progress of the above raised investment projects. The company's research decision is to extend the date for the "Shandong New Year's Pig Breeding Project of 660,000 Pigs" to reach the expected usable state to August 31, 2026, while maintaining the implementation entity of the existing fundraising projects, the total investment amount of the raised funds, and the use of funds unchanged.

Description of major changes in project feasibility Not applicable

Amount, purpose and progress of use of excess raised funds Not applicable

Changes in implementation location of investment projects with raised funds Not applicable

Adjustments to the implementation methods of investment projects with raised funds Not applicable

On August 12, 2021, the 34th meeting of the company's fourth board of directors reviewed and approved the "Proposal on Using Funds Raised by Non-Public Issuance of Stocks to Replace Self-raised Funds Invested in Pre-Investment Projects", and agreed that the company would use funds raised by non-public issuance of stocks to replace self-raised funds that have been invested in raised capital projects, with a total amount of 122.1029 million yuan.

Advance investment and replacement of raised funds in investment projects

This matter has been verified by the "Assurance Report on Shandong Longda Meat Food Co., Ltd.'s Pre-Investment of Raised Funds Investment Projects with Self-raised Funds" (Zhonghuan Zhuanzi (2021) No. 2800021) issued by Zhongshen Zhonghuan Accounting Firm (Special General Partnership).

The company's independent directors, board of supervisors and sponsors have respectively expressed their opinions on the above matters.

On August 12, 2021, after the 34th meeting of the company's fourth board of directors reviewed and approved the "Proposal on Using Part of Idle Raised Funds to Temporarily Supplement Working Capital", the company decided to use part of the idle raised funds from the non-public offering of stocks of 282.5635 million yuan (including the original amount) to temporarily supplement the idle raised funds to temporarily supplement working capital. This amount of funds can only be used for production and operation related to the company's main business. The period of use is within twelve months from the date of approval by the board of directors. The above quota can be used on a rolling basis during the validity period of the resolution. After expiration, it will be returned to the company's special storage account for raised funds in a timely manner. As of August 5, 2022, the company has returned all the above-mentioned raised funds used to temporarily supplement working capital to the special account for raised funds in accordance with regulations, and the use period has not exceeded 12 months.

On August 12, 2022, the fifth meeting of the company's fifth board of directors reviewed and approved the "Proposal on Continuing to Use Part of Idle Raised Funds to Temporarily Supplement Working Capital". The company decided to use part of the idle raised funds from non-public issuance of stocks to supplement working capital in an amount not exceeding

12,182.35 (including the original amount) to temporarily replenish working capital. This fund is limited to the production and operation related to the company's main business. The period of use is within 12 months from the date of approval by the board of directors. It will be returned to the company's special storage account for raised funds in a timely manner before expiration. During this period, if the balance of the special raised funds account cannot meet the normal payment of raised funds, the company will return the raised funds that have temporarily supplemented working capital to the special raised funds account based on actual needs.

On August 14, 2023, the 15th meeting of the company's fifth board of directors reviewed and approved the "Proposal on Continued Use of Part of Idle Raised Funds to Temporarily Supplement Working Capital". The company decided to use part of the idle raised funds from non-public issuance of stocks to supplement working capital. If the amount exceeds 10,100.00 (including the original amount), the working capital will be temporarily replenished. The funds can only be used for production and operations related to the company's main business. The period of use is within 12 months from the date of approval by the board of directors. It will be returned to the company's special storage account for raised funds in a timely manner before expiration. During this period, if the balance of the special raised funds account cannot meet the normal payment of raised funds, the company will return the raised funds that have temporarily supplemented working capital to the special raised funds account based on actual needs.

On August 15, 2024, the 15th meeting of the company's fifth board of directors reviewed and approved the "Proposal on Continuing to Use Part of Idle Raised Funds to Temporarily Supplement Working Capital". The company decided to use part of the idle raised funds from non-public issuance of stocks to supplement working capital. Temporarily replenish working capital exceeding RMB 98.80 million (including the principal amount). This fund is limited to production and operation related to the company's main business. The period of use is within 12 months from the date of approval by the board of directors. It will be returned to the company's special storage account for raised funds in a timely manner before expiration. During this period, if the balance of the special raised funds account cannot meet the normal payment of raised funds, the company will return the raised funds that have temporarily supplemented working capital to the special raised funds account based on actual needs.

On August 15, 2025, the third meeting of the company's sixth board of directors reviewed and approved the "Proposal on Continuing to Use Part of the Idle Raised Funds to Temporarily Supplement Working Capital." The company decided to use part of the idle raised funds from non-public issuance of stocks not to exceed 73 million yuan (including the original amount) to temporarily replenish working capital. This amount of funds is limited to the company and its subsidiary He. The production and operation related to the main business of Nanlong Dalong Mu Meat Food Co., Ltd. (formerly Henan Long Damu Meat Food Co., Ltd.), Liaocheng Long Da Meat Food Co., Ltd., Weifang Zhenxiang Food Co., Ltd., and Yantai Long Da Breeding Co., Ltd. shall be used within 12 months from the date of approval by the board of directors, and will be returned to the company's special storage account for raised funds in a timely manner before expiration. During this period, if the balance of the special raised funds account cannot meet the normal payment of raised funds, the company will return the raised funds that have temporarily supplemented working capital to the special raised funds account based on actual needs.

On July 22, 2026, the 26th meeting of the company's sixth board of directors reviewed and approved the "Proposal on Terminating Investment Projects and Permanently Replenishing Liquidity with Remaining Raised Funds", and the proposal was reviewed and approved by the company's fourth extraordinary shareholders' meeting in 2026. After deliberation and approval by the shareholders' meeting, the temporarily replenishing working capital of idle raised funds that are still in use will be directly converted into permanent replenishing working capital and will no longer be returned to the special account for raised funds. Cash management using idle raised funds Not applicable

The amount and reasons for the surplus of raised funds during project implementation. Part of the raised funds is used as foundation funds.

The unused raised funds are mainly used for the following purposes:

The purpose and destination of unused raised funds (1) Temporarily replenish working capital of RMB 65.3526 million;

(2) The remaining unused raised funds of RMB 1.1364 million were deposited in the special account for raised funds. Problems or other situations in the use and disclosure of raised funds None

Note 1: The difference between the company’s actual net raised funds was RMB 610.2096 million and the adjusted total amount of committed investment projects of RMB 610.7864 million due to issuance expenses. Note 2: If the actual net amount of funds raised in this non-public issuance is lower than the capital requirements of the planned investment project, the funding gap will be solved by the company itself.

Note 3: As of the end of June 2026, it has not yet been put into use.