Julong Holding Ltd reported an exempt securities offering under Rule 506(b), with a total of $897,750 USD sold and $0 USD remaining to be sold. The listed securities are equity, options, warrants or other rights to acquire another security, and securities to be acquired upon exercise of those rights. The reported first sale date was September 28, 2026.
Julong Holding Ltd (JLHL) entered into a private placement agreement to issue and sell 750,000 Class A ordinary shares at US$0.300 each and 2,250,000 pre-funded warrants at US$0.299 each, for US$897,750 in gross proceeds. The warrants may be exercised for up to 2,250,000 Class A ordinary shares at US$0.001 per share; they are immediately exercisable and may be exercised until exercised in full.
Closing is expected on or about September 29, 2026, subject to satisfaction or waiver of the purchase agreement’s conditions precedent. Net proceeds after offering expenses are approximately US$828,000. Julong intends to use the proceeds for general corporate purposes, with management retaining discretion over their use and timing. The placement is exempt from Securities Act registration under Section 4(a)(2) and Rule 506 of Regulation D.
Julong Holding Ltd (ticker JLHL) reports that Zhang Xitian has filed an initial statement of beneficial ownership on Form 3 as a director of the company. The filing does not report any specific equity holdings or derivative positions for this reporting person at this time.
Julong Holding Limited (JLHL) reported a change in its board of directors and board committees. On August 20, 2026, independent director Shengshan Sun resigned from the board and from the audit, compensation, and nominating and corporate governance committees. The company stated his resignation was not due to any disagreement regarding operations, policies, or practices.
The board appointed Xitian Zhang as an independent director and as a member of all three committees, effective the same day, under standard director and indemnification agreements used for other directors. Following these changes, the board has five members, including two executive directors and three independent directors, with committee leadership remaining with existing independent directors.
Julong Holding Limited reported unaudited results for the six months ended March 31, 2026. Revenue rose 21.6% to RMB124.3 million, driven mainly by engineering solutions for intelligent projects, where revenue increased 22.9% and active contracts grew to 322 from 226 a year earlier.
Gross profit increased 16.4% to RMB19.5 million, but gross margin slipped to 15.7% from 16.4% due to revenue mix. Selling, general and administrative expenses jumped 91.9% to RMB6.0 million, largely from higher service fees, leaving operating income roughly flat at RMB13.5 million and net income up 0.8% to RMB11.7 million.
Cash generation was weaker: operating cash outflow widened to RMB17.8 million from RMB8.2 million, mainly from higher unbilled receivables and other receivables. Cash and restricted cash declined to RMB43.2 million as of March 31, 2026 from RMB62.2 million at September 30, 2025, while unbilled receivables grew to RMB303.9 million.
Julong Holding Limited, a Cayman Islands holding company with operating subsidiaries in mainland China, has filed a Form F-3 shelf registration to offer, from time to time, up to US$200,000,000 of Class A ordinary shares, preferred shares, warrants, debt securities, subscription rights and units. Any specific issuances will be detailed in future prospectus supplements.
The company qualifies to use Form F-3 under General Instruction I.B.5 and states it will not conduct public primary offerings exceeding one-third of the US$64,898,713.60 aggregate market value of Class A ordinary shares held by non-affiliates, based on 1,448,632 such shares at US$44.80 per share as of June 5, 2026. Julong provides intelligent integrated solutions (security, fire protection, parking, toll collection and related systems) to public utilities, commercial properties and multifamily residential properties in China, with revenues of RMB119,084 thousand, RMB173,651 thousand and RMB252,008 thousand (US$35,399 thousand) in fiscal 2023, 2024 and 2025, respectively.
The filing highlights structural and regulatory risks of operating principally in the PRC through subsidiaries, including PRC government oversight, foreign investment and data-security regimes, currency controls on cash transfers and dividend payments, HFCA Act-related delisting risk, and the need for PRC filings or approvals for future overseas offerings. Julong is an emerging growth company, a foreign private issuer and a controlled company with a dual-class share structure that concentrates voting power with its founder.
Julong Holding Limited is updating its corporate governance structure with changes to its board of directors and key committees. Ms. Jinying Wang resigned from the audit committee effective June 9, 2026, while remaining on the board, and her resignation was not due to any disagreement with the Company.
The board appointed Mr. Shengshan Sun as an independent director and as a member of the audit, compensation, and nominating and corporate governance committees, also effective June 9, 2026. Following these moves, the board has five members, with two executive directors and three independent directors and fully reconstituted independent committees.
Julong Holding Ltd executive Chen Airu, the company’s Chief Financial Officer, has filed an initial statement of beneficial ownership on Form 3. The filing lists no transactions or holdings, with no reported purchases, sales, exercises, gifts, or other changes in equity ownership.
Julong Holding Ltd director Liu Zhaobo has filed an initial statement of beneficial ownership on Form 3. This filing identifies Liu Zhaobo as a director of the company but does not report any share transactions or derivative positions. It serves as a baseline disclosure of insider status for future ownership and trading reports.