CBL International Limited (BANL) reported the voting results of its extraordinary general meeting, where shareholders holding 23,621,736 ordinary shares, or about 85.89% of the 27,500,327 shares outstanding as of October 23, 2025, were present and constituted a quorum.
Shareholders approved a redesignation of the company’s authorized share capital into 30,000,000 Class A ordinary shares and 470,000,000 Class B ordinary shares, including reclassifying 13,175,000 issued shares held by CBL (Asia) Limited into Class A and all other issued shares into Class B. They also approved a potential share consolidation (reverse split) of all issued and unissued shares at a ratio between 1-for-2 and 1-for-20, with the exact ratio and effective date to be set by the board no later than August 27, 2026, and authorized adjournment of the meeting if needed.
CBL International Limited reported a governance update with the appointment of Mr. Yuan He to its board of directors, effective December 1, 2025. Mr. He has served as senior vice president of the company and its predecessor since 2015, overseeing the bunkering business division as well as management and strategic development, and brings over 17 years of experience in oil and gas-related industries and business management.
Under the company’s standard director service agreement, Mr. He will receive $2,700 per month for his board service. The company also issued a press release on November 19, 2025 announcing this appointment, which is included as an exhibit and incorporated by reference into its existing Form F-3 registration statement and related prospectus supplements.
CBL International Limited (BANL) announced an extraordinary general meeting of shareholders scheduled for November 26, 2025. The company furnished the Notice of Extraordinary General Meeting of Shareholders and a Form of Proxy Card as exhibits to this Form 6-K.
This submission, including its exhibits, is incorporated by reference into the company’s Form F-3 registration statement (File No. 333-284228) and any prospectus supplements filed under that shelf.
CBL International Limited reported that board member Dato’ Sri Kam Choy Ho has notified the company of his decision to resign from the board of directors, effective September 30, 2025. The company stated that his resignation is not due to any disagreement with management, the board, or the company’s operations, policies, or practices.
After this change, the board will consist of six directors, including four independent directors, and the existing board committee structure will remain the same. The company does not plan to immediately appoint a replacement and expects to fill the vacancy once a suitable candidate is identified at the board’s discretion.
CBL International Limited reported that it received a Nasdaq notice on August 12, 2025 stating its ordinary share bid price stayed below the required $1.00 minimum for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2).
Under Nasdaq rules, the company has 180 calendar days, until February 9, 2026, to regain compliance and could potentially receive a further 180-day period until August 8, 2026 if additional criteria are met, although this is not assured.
The notice does not immediately affect listing or trading of the shares, and the company plans to monitor its share price and consider options to restore compliance.
Asian Strategy Ltd filed Amendment No. 1 to Schedule 13G disclosing a 1,534,984-share position in CBL International Ltd (BANL) as of 30 Jun 2025. The stake equals 5.58 % of the 27.5 million ordinary shares outstanding cited in the issuer’s 20-F. Asian Strategy, a Hong Kong entity, reports sole voting and dispositive power over the entire holding and no shared power. The filing is made under Rule 13d-1(c), signalling a passive investment; the certification affirms no intent to influence control. Crossing the 5 % threshold triggers this disclosure and places a new significant, non-activist shareholder on BANL’s register—information that may affect perceptions of ownership structure and trading liquidity.