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Li Bang International (LBGJ) enacts 1-for-100 reverse split to support Nasdaq listing

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Li Bang International Corporation Inc. is implementing a 1-for-100 reverse share split of its Class A and Class B ordinary shares to help regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its Nasdaq Capital Market listing. Beginning March 27, 2026, Class A shares trade on a post-split basis under the same symbol “LBGJ” with a new CUSIP G5480M110. Before the split, there were 180,401,932 Class A ordinary shares issued and outstanding. Every 100 ordinary shares of par value US$0.0001 are automatically consolidated into 1 ordinary share of par value US$0.01. No fractional shares are issued; any fractional amounts are rounded up to the next whole share. The reverse split is intended to affect all shareholders uniformly and is not expected to change each holder’s ownership percentage other than minor effects from rounding.

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Insights

Li Bang executes 1-for-100 reverse split to support Nasdaq listing.

Li Bang International is consolidating every 100 ordinary shares into 1 share with a higher par value, moving from US$0.0001 to US$0.01 per share. This purely restructures the share count and nominal value without changing total equity.

The company states the move is primarily to regain compliance with Nasdaq Marketplace Rule 5550(a)(2), which concerns minimum bid price. Reverse splits often raise per-share trading prices mechanically but do not alter underlying business performance or total market value.

Prior to the reverse split, there were 180,401,932 Class A shares issued and outstanding. Because the action is uniform and fractional shares are rounded up, ownership percentages should remain largely the same, aside from small changes from rounding adjustments.

Reverse split ratio 1-for-100 Ordinary shares consolidation ratio
Pre-split Class A shares 180,401,932 shares Class A ordinary shares issued and outstanding before reverse split
Old par value US$0.0001 per share Par value of ordinary shares before consolidation
New par value US$0.01 per share Par value of ordinary shares after 1-for-100 consolidation
Effective trading date March 27, 2026 First trading day on post-split basis on Nasdaq Capital Market
New CUSIP G5480M110 CUSIP for Class A shares after reverse split
Reverse Share Split financial
"announces 1-for-100 Reverse Share Split"
A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.
Nasdaq Marketplace Rule 5550(a)(2) regulatory
"to regain compliance with Nasdaq Marketplace Rule 5550(a)(2)"
Nasdaq Marketplace Rule 5550(a)(2) sets a minimum share price requirement for companies listed on the Nasdaq Capital Market, typically requiring that a company’s common stock maintain a closing bid of at least $1.00 per share. It matters to investors because failure to meet this threshold can trigger a delisting review, which is similar to failing a safety inspection: the stock may be removed from the exchange or force corporate actions (like a reverse split) that change liquidity, visibility, and how easy it is to buy or sell the shares.
Form 6-K regulatory
"This current report on Form 6-K is hereby incorporated by reference"
A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.
Amended and Restated Memorandum and Articles of Association regulatory
"The complete text of the Amended and Restated Memorandum and Articles of Association"
A document that replaces and combines a company’s core governing papers into a single, updated set of rules spelling out the company’s purpose, share structure, voting rights and how decisions are made. Think of it as rewriting and consolidating a household’s rulebook so everyone knows who controls what and how major choices are handled. Investors watch these changes because they can alter ownership rights, governance, dividend policy and takeover protections, affecting value and control.
foreign private issuer regulatory
"REPORT OF FOREIGN PRIVATE ISSUER"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

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FAQ

What reverse share split did Li Bang International (LBGJ) approve?

Li Bang International approved a 1-for-100 reverse share split of its ordinary shares. Every 100 Class A and Class B ordinary shares of par value US$0.0001 will be combined into 1 share of par value US$0.01, consolidating the share count while keeping overall ownership unchanged.

When will Li Bang International’s (LBGJ) reverse share split take effect?

The reverse share split becomes effective with trading on March 27, 2026. From the market open on that date, Li Bang’s Class A ordinary shares trade on a post-split basis on the Nasdaq Capital Market, reflecting the 1-for-100 consolidation in the quoted share price and share count.

How many Li Bang International (LBGJ) shares were outstanding before the reverse split?

Before the reverse share split, Li Bang International had 180,401,932 Class A ordinary shares issued and outstanding. After the 1-for-100 consolidation, this number is reduced proportionally, while each investor’s percentage ownership is intended to remain essentially the same, aside from rounding of fractional shares.

Why is Li Bang International (LBGJ) conducting a 1-for-100 reverse share split?

Li Bang International states the reverse share split is primarily to help regain compliance with Nasdaq Marketplace Rule 5550(a)(2). That rule focuses on maintaining a minimum bid price for continued listing on the Nasdaq Capital Market, so consolidating shares can help raise the per-share trading price mechanically.

Will Li Bang International (LBGJ) issue fractional shares in the reverse split?

Li Bang International will not issue fractional shares in the reverse split. Any shareholder position that would result in a fractional share after the 1-for-100 consolidation will be rounded up to the next whole share, slightly adjusting holdings while preserving overall ownership proportions.

Does Li Bang International’s reverse share split change ticker or CUSIP?

Li Bang International’s Class A ordinary shares will continue trading under the ticker symbol LBGJ. However, following the reverse share split, those shares will trade under a new CUSIP number, G5480M110, reflecting the adjusted capital structure while keeping the same Nasdaq symbol in place.

 

 

 

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 ☐

 

 

 

 
 

 

Share Consolidation

 

On March 24, 2026, Li Bang International Corporation Inc. (the “Company”) issued a press release announcing the 1-for-100 share consolidation of the class A ordinary shares (the “Class A Ordinary Shares”) and class B ordinary shares of the Company (the “Class B Ordinary Shares,” together with the Class A Ordinary Shares, the “Ordinary Shares”) of par value US$0.0001 each (the “Share Consolidation”).

 

Beginning with the opening of trading on March 27, 2026, the Class A Ordinary Shares have begun trading on a post-Share Consolidation basis on the Nasdaq Capital Market under the same symbol “LBGJ” but under a new CUSIP number of G5480M110. The objective of the Share Consolidation is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on the Nasdaq Capital Market.

 

Upon the effectiveness of the Share Consolidation on March 27, 2026, every 100 issued and outstanding Ordinary Shares of par value of US$0.0001 each are automatically consolidated into 1 issued and outstanding Ordinary Share of par value of US$0.01 each. No fractional shares will be issued as a result of the Share Consolidation. Instead, any fractional shares that would have resulted from the Share Consolidation will be rounded up to the next whole number. The Share Consolidation affects all shareholders uniformly and will not alter any shareholders’ percentage in the Company’s outstanding Ordinary Shares, except for adjustments that may result from the treatment of fractional shares.

 

The Share Consolidation was approved pursuant to special resolutions of the Company passed on the Company’s annual general meeting of the shareholders held on December 30, 2025, and effected by the board of directors of the Company through unanimous written resolutions dated March 5, 2026.

 

A copy of the press release dated March 24, 2026 is included as Exhibit 99.1 to this report. The complete text of the Amended and Restated Memorandum and Articles of Association that reflects the Share Consolidation is filed herewith as Exhibit 3.1.

 

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
3.1   Amended and Restated Memorandum and Articles of Association
99.1   Press Release: Li Bang International Announces 1-for-100 Reverse Share Split

 

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 31, 2026 By: /s/ Feng Huang
    Feng Huang
    Chief Executive Officer

 

3

 

 

Exhibit 99.1

 

Li Bang International Announces 1-for-100 Reverse Share  Split

 

JIANGYIN, China, Mar. 24, 2026 — 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 it intends to effect a reverse share split of its ordinary shares on a 1-for-100 basis (the “Reverse Share Split”). The Company’s Class A ordinary shares will begin trading on a post-split basis when the market opens on March 27, 2026. The Company’s Class A ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol “LBGJ” with a new CUSIP number G5480M110.

 

The Reverse Share Split has been approved by the Company’s shareholders and the Company’s board of directors, and is being effectuated primarily to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) relating to the maintenance of the minimum bid price per share of the Company’s Class A ordinary shares.

 

Prior to the Reverse Share Split, there are currently 180,401,932 Class A ordinary shares issued and outstanding. Upon the effectiveness of the Reverse Share Split, every one hundred shares of par value of USD0.0001 each of the Company’s issued and outstanding Class A ordinary shares and Class B ordinary shares as of the effective date will automatically be combined into one Class A ordinary share of par value of USD0.01 each of the Company and one Class B ordinary share of par value of USD0.01 each of the Company, respectively. Any fractional shares that would have otherwise resulted from the Reverse Share Split will be rounded up to the next whole number and no fractional shares will be issued. The Reverse Share Split affects all shareholders uniformly and will not alter any shareholder’s percentage interest in the Company’s outstanding ordinary shares, except for adjustments that may result from the rounding up of fractional shares.

 

About Li Bang International Corporation Inc.

 

Li Bang International Corporation Inc. 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