Li Bang International Corp Inc. (LBGJ) disclosed that its wholly owned subsidiary, Jiangsu Li Bang Intelligent Technology Co., Ltd., and three individual shareholders of Suzhou Yufengyuan Food Distribution Co., Ltd. terminated their equity transfer agreement, effective October 8, 2026. The contemplated transaction will not be consummated. The parties agreed that neither side would have further liability or obligation to the other under the agreement and released each other from existing or future liabilities, obligations, and performance.
Li Bang International Corp Inc. (LBGJ) shareholders approved all six proposals at the September 22, 2026 reconvened meeting after the September 21 meeting was adjourned for lack of quorum. At reconvening, 21,122 Class A and 89,008 Class B shares were represented, constituting a quorum under the company’s articles and Cayman Islands home-country practice despite representation below one-third of outstanding shares.
The approved capital increase would raise authorized capital from USD $35,000 (15,750,000 Class A and 1,750,000 Class B shares at USD $0.002 par value) to USD $7,000,000 (3,150,000,000 Class A and 350,000,000 Class B shares at that par value). A separate reorganization, subject to the increase taking effect and Cayman statutory requirements, would lower par value to USD $0.00001, subdivide each authorized but unissued share into 200 shares, then cancel unissued shares to leave authorized capital at USD $35,000 with the enlarged class counts. The New MA was approved to follow the increase and reorganization; the proposed BVI migration was approved subject to New MA approval, filings and required governmental and regulatory consents.
Li Bang International Corporation Inc. (LBGJ) has called an extraordinary general meeting on September 21, 2026 to seek shareholder approval for major capital and jurisdictional changes. Shareholders will vote on increasing authorized share capital from USD $35,000 to USD $7,000,000, raising Class A authorization to 3,150,000,000 shares and Class B to 350,000,000 shares (the Share Capital Increase).
A second proposal would implement a Share Capital Reorganization, reducing par value on all ordinary shares from $0.002 to $0.00001 per share and transferring the resulting capital reduction to a distributable reserve that may, among other uses, offset accumulated losses. Further proposals would adopt a new Cayman memorandum of association reflecting these changes and then effect a migration by way of continuation to the British Virgin Islands, with new BVI memorandum and articles, plus board authority to complete all filings and the ability to adjourn the meeting if needed. As of the August 26, 2026 record date, 621,418 Class A and 89,008 Class B shares were outstanding, with one and fifteen votes per share, respectively.
Li Bang International Corp Inc. (LBGJ) director Li Funa reported an indirect open-market purchase of 15,088 Class B ordinary shares at $3.40 per share on 2026-08-17. Following this transaction, the reporting person beneficially owns 15,220 Class B ordinary shares, held of record by Funa Lee Holdings Limited.
Li Bang International Corp Inc. (LBGJ) reported that Chief Executive Officer and director Huang Feng, through Maple Huang Holdings Limited, purchased 73,147 Class B ordinary shares on 2026-08-17 at $3.40 per share in an open-market or private transaction. Following this transaction, Maple Huang Holdings Limited holds 73,788 Class B ordinary shares, which are beneficially owned by Huang Feng as its sole member and sole director and reported as indirect ownership.
Li Bang International Corporation Inc. (LBGJ) entered into a related-party PIPE financing, selling an aggregate of 88,235 Class B ordinary shares at $3.40 per share for $300,000 in gross proceeds. The purchasers are Maple Huang Holdings Limited and Funa Lee Holdings Limited, entities controlled by CEO and chairman Feng Huang and director Funa Li, respectively. Disinterested board members unanimously approved the transaction, relying on a Cayman Islands legal opinion that permits following home-country practice instead of Nasdaq shareholder approval requirements under Listing Rule 5635(b) for change-of-control transactions. The unlisted Class B shares were issued on a private-placement basis under Section 4(a)(2) and/or Regulation S exemptions, are "restricted securities" under Rule 144, and closed on August 17, 2026. Li Bang intends to use the proceeds for general corporate purposes, including working capital.
Li Bang International Corporation Inc. is the subject of a Schedule 13G filed by individual investor Jaemin Son, relating to Class A Ordinary Shares. The filing states that Son has beneficial ownership of 0 shares, representing 0% of the class, and now holds no voting or dispositive power over any shares.
Son explains that brokerage records suggested his beneficial ownership may have temporarily exceeded five percent around an acquisition on July 23, 2026 and a disposition on July 24, 2026, but he subsequently disposed of all such shares. The narrative describes significant administrative and technical obstacles as a first‑time foreign filer in obtaining EDGAR credentials, including Korean notarization, Apostille certification, and later U.S‑style remote online notarization, which contributed to delayed reporting. Son used publicly available information on outstanding shares to calculate beneficial ownership and indicates a willingness to amend if later information shows corrections are needed.
Li Bang International Corporation Inc. implemented a 1-for-200 share consolidation (reverse share split) of its authorized and issued Class A and Class B ordinary shares, approved by shareholders on April 30, 2026 and by the board on July 22, 2026.
The consolidation became effective on Nasdaq at the open of business on August 3, 2026. Class A ordinary shares continue to trade under the symbol LBGJ with a new CUSIP G5480M128. Each 200 pre-consolidation shares of par value USD0.00001 were combined into one share of par value USD0.002.
Authorized share capital is now USD35,000, divided into 15,750,000 Class A and 1,750,000 Class B ordinary shares, each with par value USD0.002. As of July 31, 2026, 119,643,455 Class A and 154,360 Class B shares became approximately 598,218 Class A and 772 Class B shares after consolidation, subject to rounding up of fractional shares. The company states that percentage ownership is unchanged except for minor effects from this rounding.
HRT FINANCIAL LP, a ten percent owner of Li Bang International Corp Inc. (LBGJ), reported selling 1086186 shares of Common Stock on 2026-07-28 at $0.0280 per share in a sale in open market or private transaction, leaving 148795 shares held directly. The Rule 10b5-1 trading-plan checkbox was not marked.
HRT FINANCIAL LP, a ten percent owner of Li Bang International Corp Inc. (LBGJ), reported mixed trading in Common Stock, selling 391,577 shares at $0.0290 on July 24, 2026 and buying 1,068,671 shares at $0.0260 on July 27, 2026, a net purchase of 677,094 shares held directly.