LBGJ News & Events

Li Bang International Corporation announced that its wholly-owned subsidiary, Jiangsu Li Bang Intelligent Technology, has entered into a binding share purchase agreement with three individual controlling shareholders of Suzhou Yufengyuan Food Distribution to acquire a 51% controlling interest in Yufengyuan. Yufengyuan is a catering service provider offering centrally prepared meals to institutional clients. This strategic acquisition marks a significant milestone in Li Bang's vertical integration strategy, extending its value chain from equipment manufacturing into high-margin downstream catering services. The acquisition is expected to be closed on or before May 30, 2026, subject to the completion of regulatory registration updates and other customary closing conditions.

Li Bang International and its subsidiaries announced that the main structure of its Phase II intelligent kitchen production facility located in Gushan Town, Jiangyin, was successfully topped out on January 28, 2026. The Company expects the facility to commence operations in June 2026. The Phase II project represents a total investment of approximately RMB 200 million. Upon completion and full ramp-up, the facility is expected to produce about 5,000 sets of intelligent kitchen equipment annually, significantly enhancing the Company's manufacturing capacity and product capabilities.

Li Bang announced that the company received a notice from Nasdaq, notifying the company that, for the last 31 consecutive business days, the bid price for the company's listed securities had closed below the minimum $1.00 per share requirement for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550.