ST Longda announced that “Longda Convertible Bonds” will expire on July 12, 2026. July 10 is the last share conversion date, and stock conversion has now stopped. As of July 9, 4,057,500 “Longda Convertible Bonds” had not been converted into shares, accounting for 42.71% of the total amount issued. The company's current monetary funds were unable to pay principal and interest. The company has already entered the pre-restructuring process, but there is uncertainty about whether it will enter the restructuring process later. If restructuring is initiated, claims held by “Longda Convertible” holders will participate in settlement. The specific plan and time are yet to be determined. In addition, other risk warnings have been implemented for the company's shares. If the court decides to accept the restructuring, a delisting risk warning will be implemented. If the restructuring fails, the company is at risk of bankruptcy and termination of stock listing.

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