Li Bang International to Implement 1-for-100 Share Consolidation

(SeaPRwire) –   JIANGYIN, China, March 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), an enterprise operating in the design, development, manufacturing and sales of stainless steel commercial kitchen equipment in China, announced today that it plans to implement a 1-for-100 reverse split of its ordinary shares (the “Reverse Share Split”). The Company’s Class A ordinary shares will commence trading on a post-split basis at market opening on March 27, 2026. The Class A ordinary shares will continue to be traded on the Nasdaq Capital Market under the ticker symbol “LBGJ”, with a new CUSIP number G5480M110.

The Reverse Share Split has obtained approval from both the Company’s board of directors and its shareholders, and is being rolled out primarily to restore compliance with Nasdaq Marketplace Rule 5550(a)(2), which requires listed companies to maintain a minimum bid price per share for their Class A ordinary shares.

Ahead of the Reverse Share Split taking effect, there are currently 180,401,932 issued and outstanding Class A ordinary shares. Once the Reverse Share Split becomes effective, every 100 issued and outstanding Class A ordinary shares and Class B ordinary shares with a par value of USD 0.0001 each held as of the effective date will be automatically consolidated into one Class A ordinary share and one Class B ordinary share with a par value of USD 0.01 each respectively. Any fractional shares that would otherwise be generated from the Reverse Share Split will be rounded up to the next full integer, and no fractional shares will be distributed. The Reverse Share Split applies uniformly to all shareholders and will not change any shareholder’s proportional ownership interest in the Company’s outstanding ordinary shares, apart from minor adjustments that may arise from the rounding up of fractional shares.

About Li Bang International Corporation Inc.

Li Bang International Corporation Inc. focuses on the development, production and sales of stainless-steel commercial kitchen equipment marketed under its proprietary “Li Bang” brand in China. Besides its product lineup, the Company provides full-scope services covering early-stage commercial kitchen appliance design, equipment installation and after-sales maintenance. Committed to delivering innovative, high-quality products, the Company deploys modern production facilities and well-established operating procedures, and works toward becoming a top-tier commercial kitchen appliance manufacturer in China. The Company’s long-term vision is to build itself into a widely recognized household name that is synonymous with the high-quality products it manufactures. For more information, please visit the Company’s investor relations website at https://ir.libangco.cn.

Forward Looking Statements

Certain statements contained in this announcement are “forward-looking” statements under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to known and unknown risks and uncertainties, and are based on the Company’s current expectations and forecasts of future events that the Company believes may impact its financial condition, operating results, business strategy and financial needs. Investors can identify these forward-looking statements through words or phrases including “may”, “could”, “will”, “should”, “would”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “project” or “continue”, the negative form of these terms, or other similar expressions. The Company assumes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances, or changes to its expectations, unless required by applicable law. While the Company believes the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that such expectations will prove to be accurate, and the Company cautions investors that actual results may differ materially from projected results, and encourages investors to review other factors that may affect its future performance in the Company’s financial results filings submitted to the U.S. Securities and Exchange Commission.

CONTACTS
Li Bang International Corporation Inc.
Investor Relations Department
Email: guanli@libangco.cn

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Phone: +1 628 283 9214