LBGJ News & Events

LI Bang International Corporation Inc trading halted, news pending

Li Bang International Corporation and its subsidiaries announced that it intends to effect a reverse share split of its ordinary shares on a 1-for-100 basis. The Company's Class A ordinary shares will begin trading on a post-split basis when the market opens on March 27, 2026. The Company's Class A ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol "LBGJ" with a new CUSIP number G5480M110. The Reverse Share Split has been approved by the Company's shareholders and the Company's board of directors, and is being effectuated primarily to regain compliance with Nasdaq Marketplace Rule 5550 relating to the maintenance of the minimum bid price per share of the Company's Class A ordinary shares. Prior to the Reverse Share Split, there are currently 180,401,932 Class A ordinary shares issued and outstanding. Upon the effectiveness of the Reverse Share Split, every one hundred shares of par value of $0.0001 each of the Company's issued and outstanding Class A ordinary shares and Class B ordinary shares as of the effective date will automatically be combined into one Class A ordinary share of par value of 1c each of the Company and one Class B ordinary share of par value of 1c each of the Company, respectively.

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.