Li Bang International Corporation Inc. reports developments for a China-based commercial kitchen equipment business that designs, develops, produces and sells stainless steel equipment under the Li Bang brand. Updates commonly cover project sales, audited and interim operating results, and services that run from early commercial kitchen design to equipment installation and after-sales maintenance.
Company news also includes manufacturing-capacity developments for intelligent kitchen equipment, Nasdaq Capital Market listing compliance, and capital-structure actions involving its Class A ordinary shares. Shareholder-approved actions such as the reverse share split and changes to listed share classes are part of the company's recurring public-company disclosure record.
Li Bang International (LBGJ) reports that shareholders approved all proposals at the September 22, 2026 Extraordinary General Meeting.
Resolutions included a Share Capital Increase, raising authorized share capital from USD $35,000 (15,750,000 Class A and 1,750,000 Class B shares at par USD $0.002) to USD $7,000,000 (3,150,000,000 Class A and 350,000,000 Class B shares at the same par value). Shareholders also approved a Share Capital Reorganization, reducing the par value of all authorized, issued and outstanding ordinary shares from USD $0.002 to USD $0.00001, followed by subdivision and cancellation steps that leave authorized capital at USD $35,000 split into 3,150,000,000 Class A and 350,000,000 Class B shares at par USD $0.00001.
Further resolutions approved a new memorandum of association, the migration of the company from Cayman Islands to the British Virgin Islands, adoption of new BVI governing documents, and broad authorization for the board to complete the migration.
Li Bang International (LBGJ) has adjourned its Extraordinary General Meeting of Shareholders held on September 21, 2026, due to the absence of a quorum.
The meeting will reconvene on September 22, 2026 at 9:30 a.m. Eastern Time at the company’s principal office, the same location as the original meeting. A quorum under Section 17.6 of the company’s amended and restated memorandum and articles of association requires holders of at least one-third of outstanding voting ordinary shares, with Class A and Class B shares counted together. After a two-hour waiting period, the inspector of elections confirmed that the shares present in person and by proxy were insufficient.
The original meeting notice, proxy card, record date, proposals and ballots already submitted remain valid for the reconvened meeting. Shareholders who have already voted do not need to take further action unless their votes are properly revoked, while those who have not yet voted are encouraged by the company to submit ballots or proxies in advance.
Li Bang International (Nasdaq: LBGJ) will implement a 1-for-200 reverse share split of its Class A and Class B ordinary shares (the “Share Consolidation”). Post-split trading is scheduled to begin at the open on Monday, August 3, 2026 under the same symbol LBGJ and new CUSIP G5480M128.
According to Li Bang International, every 200 existing shares will convert into 1 share with par value changing from USD0.00001 to USD0.002. Authorized capital will become USD35,000 divided into 15,750,000 Class A and 1,750,000 Class B shares. Outstanding shares are expected to move from 108,127,815 to approximately 540,640 Class A shares and from 154,360 to about 772 Class B shares, subject to rounding. Fractional shares will be rounded up, and relative ownership percentages are expected to remain substantially unchanged.
Li Bang International (Nasdaq: LBGJ) announced it has regained compliance with Nasdaq's minimum bid price requirement. Nasdaq confirmed the Company satisfied Listing Rule 5550(a)(2) after the closing bid price of Class A Ordinary Shares was $1.00 or greater for 20 consecutive business days from March 30, 2026 to April 27, 2026.
Nasdaq stated the matter is closed; the Company had previously received a deficiency notice on November 7, 2025.
Li Bang International (Nasdaq: LBGJ) announced a 1-for-100 reverse share split effective with trading on a post-split basis beginning March 27, 2026.
The split was approved by shareholders and the board, will change the CUSIP to G5480M110, combines 180,401,932 Class A shares on a 1-for-100 basis, and rounds fractional shares up.
Li Bang International (Nasdaq: LBGJ) will acquire a 51% controlling interest in Suzhou Yufengyuan Food Distribution Co., Ltd., expanding from stainless-steel kitchen equipment into high-margin catering services. The deal is expected to close on or before May 30, 2026, subject to regulatory registration and closing conditions.
Yufengyuan’s ongoing contracts are expected to total about RMB90 million (~$13 million) by end of June 2026, and Li Bang projects Yufengyuan will contribute approximately RMB150 million (~$22 million) in revenue to consolidated 2026 results. Purchase price will be set by independent audit and paid in two tranches.
Li Bang International (Nasdaq: LBGJ) topped out the main structure of its Phase II intelligent kitchen production facility in Gushan Town, Jiangyin on January 28, 2026. The Company expects operations to begin in June 2026 after a total investment of approximately RMB 200 million.
At full ramp-up the new facility is expected to produce about 5,000 sets of intelligent kitchen equipment annually, with an anticipated annual output value of RMB 300–500 million, and will expand manufacturing capacity and product capabilities.
Li Bang International (Nasdaq: LBGJ) announced that its Class A ordinary shares will begin trading on the Nasdaq Capital Market in substitution for its prior ordinary shares from the opening of trading on November 21, 2025, under the same symbol LGBJ and CUSIP G5480M102. On June 27, 2025 shareholders approved a dual-class structure that re-designated outstanding ordinary shares one-for-one into Class A (one vote per share) and created 50,000,000 Class B shares (fifteen votes per share). The company repurchased 15,436,000 Class A shares from two holders and issued the same number of Class B shares to them. Class B shares will not be listed or traded on Nasdaq.
Li Bang International (Nasdaq: LBGJ) received a Nasdaq notice on Nov 7, 2025 that its common share bid price closed below the minimum $1.00 requirement for 31 consecutive business days, triggering a compliance notification under Nasdaq Listing Rule 5550(a)(2).
The notice does not affect current listing or trading. The company has a 180-calendar-day compliance period ending May 6, 2026 to restore a closing bid ≥$1.00 for ≥10 consecutive business days. If not regained, the company may request a second 180-day period if it meets other Nasdaq listing standards and notifies Nasdaq in writing. The company said it will monitor the bid price and consider options to regain compliance.
Li Bang International (Nasdaq: LBGJ) reported audited results for fiscal year ended June 30, 2025 showing modest revenue growth and improved margins. Total revenue rose 2.9% to $11.1M and gross profit increased to $3.2M with gross margin expanding to 29.2% from 25.1%. Net loss narrowed by 26.1% to $1.0M versus fiscal 2024. The company cited lower stainless-steel prices and disciplined pricing as drivers of margin improvement, and said retail and project sales both increased year over year.
Operating expenses were roughly $4.6M; general and administrative costs rose 14.3%. Cash on hand improved to $933,826 from $153,914. Management said it will prioritize revenue growth, margin protection, liquidity and pursue acquisitions within six months.