Li Bang International Announces the Listing of Class A Ordinary Shares
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) ha annunciato che le sue azioni ordinarie di Classe A inizieranno a essere negoziate sul Nasdaq Capital Market in sostituzione delle precedenti azioni ordinarie dall’apertura delle contrattazioni del 21 novembre 2025, con lo stesso simbolo LGBJ e CUSIP G5480M102. Il 27 giugno 2025 gli azionisti hanno approvato una struttura a doppia classe che ridenominava le azioni ordinarie in circolazione una per una in Classe A (un voto per azione) e ha creato 50.000.000 azioni di Classe B (quindici voti per azione). La società ha riacquistato 15.436.000 azioni di Classe A da due detentori e ha emesso a loro lo stesso numero di azioni di Classe B. Le azioni di Classe B non saranno quotate o negoziate sul Nasdaq.
Li Bang International (Nasdaq: LBGJ) anunció que sus acciones ordinarias de Clase A comenzarán a cotizar en Nasdaq Capital Market en sustitución de sus acciones ordinarias anteriores desde la apertura de operaciones del 21 de noviembre de 2025, con el mismo símbolo LGBJ y CUSIP G5480M102. El 27 de junio de 2025, los accionistas aprobaron una estructura de doble clase que redesignó las acciones ordinarias en circulación una por una en Clase A (un voto por acción) y creó 50,000,000 de acciones de Clase B (quince votos por acción). La empresa recompró 15,436,000 acciones de Clase A a dos tenedores y emitió a ellos el mismo número de acciones de Clase B. Las acciones de Clase B no serán listadas ni negocia- das en Nasdaq.
LI Bang International (Nasdaq: LBGJ) 는 클래스 A 보통주가 이전 보통주를 대체하여 2025년 11월 21일 개장과 함께 Nasdaq Capital Market에서 거래되며 같은 심볼 LGBJ 및 CUSIP G5480M102로 거래될 것이라고 발표했다. 2025년 6월 27일 주주들은 한 표당 한 표의 클래 A 주식으로 재지정된 이중 계층 구조를 승인했고, 5,000만주 Class B 주식 (주당 15표)를 생성했다. 회사는 두 명의 보유자에게서 15,436,000주 Class A 주식를 재매입하고 그들에게 같은 수의 Class B 주식을 발행했다. Class B 주식은 나스닥에 상장되거나 거래되지 않는다.
Li Bang International ( Nasdaq : LBGJ ) a annoncé que ses actions ordinaires de classe A commenceront à être négociées sur le Nasdaq Capital Market en remplacement des actions ordinaires préexistantes à partir de l’ouverture des échanges le 21 novembre 2025, sous le même symbole LGBJ et le CUSIP G5480M102. Le 27 juin 2025, les actionnaires ont approuvé une structure à double classe qui a reclassé les actions ordinaires en circulation une pour une en classe A (une voix par action) et a créé 50 000 000 d’actions de classe B (quinze voix par action). L’entreprise a racheté 15 436 000 actions de classe A à deux détenteurs et leur a émis le même nombre d’actions de classe B. Les actions de classe B ne seront pas cotées ni échangées sur Nasdaq.
Li Bang International (Nasdaq: LBGJ) kündigte an, dass ihre Class A Stammaktien ab Handelsbeginn am 21. November 2025 auf dem Nasdaq Capital Market gehandelt werden, als Ersatz für die bisherigen Stammaktien, unter demselben Symbol LGBJ und der CUSIP G5480M102. Am 27. Juni 2025 haben die Aktionäre eine Dual-Share-Struktur genehmigt, die die ausstehenden Stammaktien eins zu eins in Class A (ein Stimmrecht pro Aktie) umwandelte und 50.000.000 Class B-Aktien (fünfzehn Stimmen pro Aktie) schuf. Das Unternehmen hat 15.436.000 Class A Aktien von zwei Inhabern zurückgekauft und ihnen dieselbe Anzahl Class B-Aktien ausgegeben. Class B-Aktien werden nicht an der Nasdaq gelistet oder gehandelt werden.
Li Bang International (Nasdaq: LBGJ) أعلنت أن أسهمها العادية من الفئة أ ستبدأ التداول في Nasdaq Capital Market كبديل عن الأسهم العادية السابقة اعتباراً من افتتاح التداول في 21 نوفمبر 2025، تحت الرمز نفسه LGBJ و CUSIP G5480M102. في 27 يونيو 2025 وافق المساهمون على هيكلية ذات فئتين أعادت تصنيف الأسهم العادية القائمة واحداً لواحداً إلى الفئة أ (تصويت واحد لكل سهم) وخلقت 50,000,000 سهماً من الفئة B (خمس عشرة صوتاً لكل سهم). قامت الشركة بإعادة شراء 15,436,000 سهم من الفئة أ من اثنين من الحاملي وأصدرت لهم نفس العدد من أسهم الفئة B. ستبقى أسهم الفئة B غير مدرجة أو متداولة في Nasdaq.
- Market continuity: LBGJ continues trading under same symbol and CUSIP
- Dual-class authorized: 50,000,000 Class B shares created with 15 votes each
- 15,436,000 shares repurchased and reissued to consolidate control
- Concentrated voting control: CEO and spouse now control majority voting power
- Class B not listed: Class B shares will not trade on Nasdaq, limiting liquidity for those shares
Insights
Company adopted a dual-class structure concentrating voting control with the CEO and spouse; Class A shares will trade in substitution on
The company re-designated public Ordinary Shares into Class A Ordinary Shares and created 50,000,000 Class B Ordinary Shares carrying fifteen (15) votes per share. Management repurchased 15,436,000 Class A shares and issued an equal number of Class B shares to two affiliated holders, so Mr. Huang Feng and Ms. Funa Li now beneficially own all issued Class B shares and control a large majority of voting power. The listing change places the new Class A Ordinary Shares on Nasdaq under the same symbol and CUSIP from the opening of trading on
The business mechanism is straightforward: share re-designation plus targeted repurchase and issuance concentrated voting rights into a high-vote class held by insiders while preserving public liquidity in a one-vote class. Key dependencies and risks follow directly from that structure: minority public holders retain economic exposure but have materially reduced governance influence; decisions requiring shareholder voting will be effectively controlled by holders of the Class B shares. Watch the immediate trading transition on
JIANGYIN, China, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Li Bang International Corporation Inc. ("Li Bang International") and its subsidiaries (collectively, the "Company," "we," "us," "our company," or "Li Bang") (Nasdaq: LBGJ), a company engaged in designing, developing, producing, and selling stainless steel commercial kitchen equipment in China, today announced the listing of the new Class A ordinary shares, par value US
On June 27, 2025, the Company’s shareholders approved an amendment and restatement of our memorandum and articles of association to adopt a dual-class share structure by:
(a) re-designating, on a one-for-one basis, all of the then issued and outstanding Ordinary Shares into Class A Ordinary Shares, each having one (1) vote per share and the other rights attached to it as set out in the Company’s amended and restated memorandum and articles of association (the “Amended and Restated M&A”);
(b) re-designating, on a one-for-one basis, 50,000,000 of the authorized but unissued Ordinary Shares into Class B ordinary shares, par value US
(c) re-designating, on a one-for-one basis, all of the remaining authorized but unissued Ordinary Shares into Class A Ordinary Shares.
Following the adoption of the dual-class share structure, the authorized share capital of the Company is US
Following the adoption of the dual-class share structure, we repurchased an aggregate of 15,436,000 Class A Ordinary Shares held by Maple Huang Holdings Limited and Funa Lee Holdings Limited and issued an equal number of new Class B Ordinary Shares to such shareholders in consideration therefor. Mr. Huang Feng, our Chief Executive Officer and Chairman of the Board of Directors, has the voting and dispositive power of all the shares held by Maple Huang Holdings Limited. Ms. Funa Li, our director and the spouse of Mr. Huang, has the voting and dispositive power of all the shares held by Funa Lee Holdings Limited. Mr. Huang and Ms. Li therefore now beneficially own all of our issued and outstanding Class B Ordinary Shares and control a vast majority of our total voting power.
As a result of the aforementioned share re-designation, share repurchase and share issuance and with approval from Nasdaq, the Class A Ordinary Shares will begin trading on the Nasdaq Capital Market in substitution for the Ordinary Shares from the opening of trading on November 21, 2025, under the same symbol “LGBJ” and the same CUSIP number of G5480M102. Class B Ordinary Shares of the Company will not be listed and traded on the Nasdaq Capital Market or any other exchange.
About Li Bang International Corporation Inc.
Li Bang International Corporation Inc. (Nasdaq: LBGJ) specializes in the development, production, and sale of stainless-steel commercial kitchen equipment under its own "Li Bang" brand in China. In addition to its product offerings, the Company provides comprehensive services from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance. Committed to innovation and high-quality, the Company uses modern production facilities and mature procedures and strives to become a first-class commercial kitchen appliance manufacturer in China. The Company's long-term vision is to establish itself as a household name, synonymous with the products it manufactures. For more information, please visit the company's website at https://ir.libangco.cn.
Forward Looking Statements
Certain statements in this announcement constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may”, “could”, “will”, “should”, “would”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “project” or “continue” or the negative of these terms or other comparable terminology. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's financial results filings with the U.S. Securities and Exchange Commission.
CONTACTS
Li Bang International Corporation Inc.
Investor Relations Department
Email: guanli@libangco.cn
WFS Investor Relations
Email: services@wealthfsllc.com
Phone: +1 628 283 9214
FAQ
When will Li Bang International (LBGJ) Class A shares start trading on Nasdaq?
What change did Li Bang announce on June 27, 2025 for LBGJ share structure?
How many Class A shares did Li Bang repurchase and reissue as Class B for LBGJ?
Who controls the voting power after Li Bang's LBGJ share re-designation?
Will Li Bang's Class B shares for LBGJ be listed on Nasdaq or other exchanges?
