LBGJ

Share Listing Announcement: Li Bang International Corporation will list its new Class A ordinary shares on the Nasdaq Capital Market starting November 21, 2025, under the symbol "LGBJ," replacing the previously listed ordinary shares.

Dual-Class Share Structure: The company has adopted a dual-class share structure, re-designating existing ordinary shares into Class A shares with one vote each and creating Class B shares with fifteen votes each, primarily controlled by CEO Huang Feng and director Funa Li.

Share Repurchase and Issuance: Following the dual-class structure adoption, Li Bang repurchased 15,436,000 Class A shares and issued an equal number of Class B shares to the shareholders involved in the transaction.

Company Overview: Li Bang International specializes in stainless steel commercial kitchen equipment in China, offering services from design to installation and maintenance, with a vision to become a leading brand in the industry.

Financial Performance: Li Bang International Corporation reported a 27% increase in revenue to approximately $4.7 million for the six months ending December 31, 2024, alongside a gross profit rise of 37% to $841,000, despite a net loss reduction to $1.1 million from $1.5 million in the previous year.

Operational Insights: The growth in revenue was primarily driven by project sales, with a notable improvement in gross margin due to better production efficiency and a favorable product mix; cash flow from operating activities also improved significantly, indicating enhanced profitability and receivable management.