STOCK TITAN

Li Bang International (LBGJ) to acquire 51% stake in caterer Yufengyuan

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Li Bang International Corporation Inc. is expanding into catering services through a binding agreement for its wholly owned subsidiary to acquire a 51% equity interest in Suzhou Yufengyuan Food Distribution Co., Ltd. for total consideration of RMB6,500,000 (about $0.95 million). Closing is targeted on or before May 30, 2026, subject to regulatory registration updates and other customary conditions. For the first two years after closing, Li Bang and the sellers will each hold 50% of the voting rights, after which voting power will align with their 51%/49% ownership.

The company describes this deal as a key step in its vertical integration strategy, moving from stainless-steel kitchen equipment manufacturing into higher-margin, downstream catering services. It states that Yufengyuan’s ongoing contracts are expected to reach about RMB90 million by the end of June 2026 and projects the acquisition will contribute an estimated RMB150 million in total revenue to Li Bang’s consolidated results for calendar 2026.

Positive

  • Strategic vertical integration: Li Bang is acquiring 51% of Yufengyuan for RMB6,500,000, aiming to move from pure equipment manufacturing into higher-margin, recurring catering services revenue.
  • Management’s projected revenue contribution: The company projects the acquisition will add approximately RMB150 million in total revenue to consolidated results for the 2026 calendar year, alongside expected ongoing contracts of about RMB90 million by end of June 2026.

Negative

  • None.

Insights

Li Bang pursues vertical integration with a majority stake in a catering services provider.

Li Bang International is using a relatively modest cash outlay of RMB6,500,000 to acquire 51% of Yufengyuan, moving beyond manufacturing into contract catering for institutional clients. Management frames this as extending its value chain into higher-margin, recurring service revenue.

The company states that Yufengyuan’s ongoing contracts are expected to reach about RMB90 million by the end of June 2026 and projects roughly RMB150 million in 2026 consolidated revenue contribution. If realized, this would be a meaningful addition driven by bundled equipment and staffing services.

Governance is structured so that, during a two-year “Special Exercise Period,” Li Bang and the sellers each hold 50% of voting rights despite Li Bang’s majority stake. After that, voting aligns with the 51%/49% ownership split. Actual financial impact will depend on closing by May 30, 2026 and execution of Yufengyuan’s contract pipeline.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What acquisition did Li Bang International (LBGJ) announce in this 6-K?

Li Bang International announced a binding agreement for its subsidiary to acquire a 51% equity interest in Suzhou Yufengyuan Food Distribution Co., Ltd., a Chinese catering services provider offering centrally prepared meals to institutional clients such as schools, government bodies, and corporate customers.

How much is Li Bang International (LBGJ) paying for the Yufengyuan stake?

The total consideration for Li Bang’s 51% stake in Yufengyuan is RMB6,500,000, approximately $0.95 million. This price is based on the target’s total shareholders’ equity as of November 17, 2025, audited or appraised by an independent third party acceptable to Li Bang.

When is the Yufengyuan acquisition by Li Bang International (LBGJ) expected to close?

The acquisition is expected to close on or before May 30, 2026. Completion depends on updating regulatory registrations with the competent market regulation authority in China and satisfying other customary closing conditions specified in the share purchase agreement.

How will voting rights be structured after Li Bang International (LBGJ) acquires 51% of Yufengyuan?

For two years after closing, Li Bang’s subsidiary and the selling shareholders will each hold 50% of Yufengyuan’s aggregate voting rights. After this Special Exercise Period ends, voting rights will align with equity ownership: 51% for Li Bang’s subsidiary and 49% collectively for the sellers.

What revenue impact does Li Bang International (LBGJ) project from the Yufengyuan deal?

Li Bang projects the Yufengyuan acquisition will contribute an estimated RMB150 million in total revenue to its consolidated results for the full 2026 calendar year. It also states that Yufengyuan’s ongoing contracts are expected to reach about RMB90 million by the end of June 2026.

Why is the Yufengyuan acquisition strategically important for Li Bang International (LBGJ)?

The company describes the deal as a major step in its vertical integration strategy, expanding from stainless-steel kitchen equipment manufacturing into high-margin downstream catering services. Management expects recurring culinary service revenue and labor-based services to enhance profitability and strengthen competitiveness in contract bids.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of March 2026

 

Commission File Number: 001-42378

 

Li Bang International Corporation Inc.

(Exact Name of Registrant as Specified in its Charter)

 

No. 190 Xizhang Road, Gushan Town,

Jiangyin City, Jiangsu Province

People’s Republic of China

+86 0510-81630030

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

Entry into a Material Definitive Agreement

 

On February 25, 2026, Jiangsu Li Bang Intelligent Technology Co., Ltd. (the “Purchaser”), a wholly-owned subsidiary of Li Bang International Corporation Inc., entered into a share purchase agreement (the “Agreement”) with the three individual shareholders (the “Sellers”) of Suzhou Yufengyuan Food Distribution Co., Ltd. (“Yufengyuan” or the “Target”), pursuant to which the Purchaser will acquire an aggregate of 51% equity interest in Yufengyuan upon closing. Yufengyuan is a catering service provider in China offering centrally prepared meals to institutional clients. The total consideration for the share transfer shall be RMB6,500,000 (approximately $0.95 million), based on the total shareholders’ equity of the Target as of November 17, 2025 audited or appraised by a third party acceptable to the Purchaser. The closing of the share transfer is conditioned upon the completion of the registration change procedures with the competent market regulation authority in China and other customary closing conditions, which is expected to occur on or prior to May 30, 2026.

 

The Purchaser and the Sellers agree that, during the two years following the closing of such share transfer (the “Special Exercise Period”), notwithstanding that the Purchaser holds 51% of the equity interests in the Target, the voting rights between the Purchaser and the Sellers (with the Sellers acting as one party and collectively exercising the voting rights attached to the remaining 49% equity interests) shall be adjusted such that each side holds 50% of the aggregate voting rights. Upon expiry of the Special Exercise Period, the voting rights of the parties at the shareholders’ meeting shall be exercised in accordance with their respective equity interests (i.e., the Purchaser: 51%; the Sellers in the aggregate: 49%).

 

The foregoing description of the Agreement does not purport to describe all terms and conditions thereof and is qualified in its entirety by reference to the form of the Agreement which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

 

Incorporation By Reference

 

This current report on Form 6-K is hereby incorporated by reference into the registration statement of Li Bang International Corporation Inc. on Form F-3 (File No. 333-291772), to be a part thereof from the date on which this current report on Form 6-K is submitted and to the extent not superseded by documents or reports subsequently filed or furnished.

 

Exhibit Index

 

Exhibit No.   Description
10.1*   English translation of the share purchase agreement between Jiangsu Li Bang Intelligent Technology Co., Ltd., a wholly-owned subsidiary of Li Bang International Corporation Inc., and certain shareholders of Suzhou Yufengyuan Food Distribution Co., Ltd., dated February 25, 2026.
99.1   Press Release: Li Bang International Acquires Majority Stake in Suzhou Yufengyuan Food Distribution Co., Ltd., Accelerating Expansion into High-Margin Catering Services

 

* Portions of this exhibit have been omitted in accordance with Item 601(b)(10) of Regulation S-K.

 

2
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Li Bang International Corporation Inc.
     
Date: March 2, 2026 By: /s/ Feng Huang
    Feng Huang
    Chief Executive Officer

 

3

 

 

Exhibit 99.1

 

Li Bang International Acquires Majority Stake in Suzhou Yufengyuan Food Distribution Co., Ltd., Accelerating Expansion into High-Margin Catering Services

 

JIANGYIN, China, Feb. 27, 2026 (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 that its wholly-owned subsidiary, Jiangsu Li Bang Intelligent Technology Co., Ltd., has entered into a binding share purchase agreement (the “Agreement”) with three individual controlling shareholders of Suzhou Yufengyuan Food Distribution Co., Ltd. (“Yufengyuan”) to acquire a 51% controlling interest in Yufengyuan. Yufengyuan is a catering service provider offering centrally prepared meals to institutional clients. This strategic acquisition marks a significant milestone in Li Bang’s vertical integration strategy, extending its value chain from equipment manufacturing into high-margin downstream catering services. The acquisition is expected to be closed on or before May 30, 2026, subject to the completion of regulatory registration updates and other customary closing conditions.

 

The acquisition is poised to deliver immediate financial accretion to Li Bang. By the end of June 2026, the total value of ongoing contracts secured by Yufengyuan is expected to reach approximately RMB90 million ($13 million). The Company projects that the acquisition will contribute an estimated RMB150 million ($22 million) in total revenue to Li Bang’s consolidated results for the full calendar year of 2026.

 

By integrating Yufengyuan’s specialized service capabilities – which include the provision of professional chefs and kitchen staff – Li Bang aims to transform its business model from a traditional equipment manufacturer into a comprehensive solutions provider. The Company anticipates that bundling its state-of-the-art kitchen equipment with Yufengyuan’s operational staffing services will create powerful synergies, significantly enhancing its competitiveness in bidding and contract negotiations.

 

Pursuant to the Agreement entered into on February 25, 2026, the purchase price will be determined based on an independent audit and appraisal of Yufengyuan’s total equity value and will be settled in two tranches, with the registration of the acquired shares and final payment scheduled for completion by May 30, 2026.

 

Mr. Huang Feng, Chief Executive Officer and Chairman of the Board of Directors of the Company, commented: “Unlike the periodic nature of equipment sales, culinary services are characterized by high frequency and strong customer retention. This acquisition allows Li Bang to capitalize on these recurring revenue streams, extending the lifecycle of its client relationships and improving long-term revenue visibility. Furthermore, the addition of labor-based services, which typically command higher profit margins than hardware manufacturing, is expected to optimize the Company’s overall profitability profile and operational efficiency.”

 

 

 

 

About Suzhou Yufengyuan Food Distribution Co., Ltd.

 

Founded in 2002, Suzhou Yufengyuan Food Distribution Co., Ltd. is a leading food-service provider in Jiangsu province, China. With a 4,500 m² centralized kitchen and a full distribution center, it serves schools, government institutions and corporate clients, delivering 200,000 meals daily and holding a 25-year zero-incident food-safety record with multiple local awards.

 

Yufengyuan prioritizes nutrition and safety via advanced monitoring and strict supply-chain controls. It offers tailored, balanced meal programs for students and professionals, uses customer feedback in menu planning, and continues to advance food-service innovation in China.

 

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

 

 

Filing Exhibits & Attachments

2 documents

Agreements & Contracts