LBGJ

JIANGYIN, China, Sept. 22, 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 the results of the Company's September 2026 Extraordinary General Meeting (the “Meeting”), as adjourned and reconvened, held at 9:30 a.m. U.S. Eastern Time on September 22, 2026. All proposals submitted for shareholder approval at the Meeting have been approved. The shareholders have duly adopted the following resolutions: (1) An ordinary resolution to increase the authorized share capital of the Company from: USD $35,000 divided into 15,750,000 Class A ordinary shares with par value of USD $0.002 each share and 1,750,000 Class B ordinary shares with par value of USD $0.002 each share, to: USD $7,000,000 divided into 3,150,000,000 Class A ordinary shares with par value of USD 0.002 each share and 350,000,000 Class B ordinary shares with par value of USD $0.002 each share, by increasing the number of authorized Class A ordinary shares by 3,134,250,000, and the number of authorized Class B ordinary shares by 348,250,000 (the “Share Capital Increase”). (2) A special resolution, subject to and immediately following the Share Capital Increase being effected and further subject to compliance with all further applicable requirements prescribed by sections 14, 14A and 14B of the Companies Act (Revised) of the Cayman Islands (the “Companies Act”), to approve the reduction of the par value of each authorized ordinary share of the Company (including all authorized, issued and outstanding Class A ordinary shares and Class B ordinary shares) from USD $0.002 to USD $0.00001 and to authorize the board of directors of the Company (the “Board”) to take all actions necessary or advisable to effect such change (the “Share Capital Reorganization”), specifically through the following steps:Share Capital Reduction a. the par value of each issued and outstanding class A ordinary share of USD $0.002 par value each and class B ordinary share of USD $0.002 par value each in the share capital of the Company be reduced to USD $0.00001 by cancelling USD $0.00199 of the paid-up capital on each of the issued and outstanding class A ordinary shares of USD $0.002 par value each and class B ordinary shares of USD $0.002 par value each (the “Share Capital Reduction”); b. following the Share Capital Reduction, the amount deemed to be paid up on each issued and outstanding share of the Company shall be USD $0.00001; c. the credit arising from the Share Capital Reduction be transferred to a distributable reserve account of the Company which may be utilized by the Company as the Board may deem fit and as permitted under the Companies Act, the Company’s memorandum and articles of association, and all relevant applicable laws, including, without limitation, eliminating or setting off any accumulated losses of the Company (if any) from time to time;Share Capital Subdivision d. immediately following the Share Capital Reduction: each authorized but unissued class A ordinary share of USD $0.002 par value each be subdivided into 200 class A ordinary shares of USD $0.00001 par value each; and each authorized but unissued class B ordinary share of USD $0.002 par value each be subdivided into 200 Class B ordinary shares of USD $0.00001 par value each (collectively, the “Subdivision”); Share Capital Cancellation e. immediately following the Subdivision, the authorized share capital of the Company be altered by the cancellation of such number of unissued class A ordinary shares of USD $0.00001 par value each and unissued class B ordinary shares of USD $0.00001 par value each that will result in the Company having authorized share capital of USD $35,000 divided into 3,150,000,000 class A ordinary shares of par value of USD $0.00001 each and 350,000,000 class B ordinary shares of par value of USD $0.00001 each (the “Cancellation”); andAuthorized Share Capital Confirmation f. immediately following the Share Capital Reduction, the Subdivision and Cancellation, the authorized share capital of the Company shall be USD $35,000 divided into 3,150,000,000 class A ordinary shares of par value of USD $0.00001 each and 350,000,000 class B ordinary shares of par value of USD $0.00001 each. (3) Special resolutions, subject to and immediately following the Share Capital Increase and the Share Capital Reorganization being effected, to approve the adoption by the Company of an amended and restated memorandum of association (the “New MA”), substantially in the form set forth in Exhibit A in the Explanatory Statement of the Meeting, in substitution for, and to the entire exclusion of, the Company’s currently effective amended and restated memorandum of association adopted by a special resolution passed on April 30 2026, to reflect the Share Capital Increase and the Share Capital Reorganization. (4) A special resolution, subject to approval of the New MA and immediately following the completion of the filings of the New MA and further subject to all necessary governmental and regulatory consents, to approve: the deregistration of the Company as an exempted company under the laws of the Cayman Islands and the continuation of the Company into the British Virgin Islands (“BVI”) as a BVI business company under the laws of BVI (the “Migration”); and the adoption, conditional upon and with immediate effect from the Migration, of a memorandum and articles of association compliant with the laws of the BVI, substantially in the form attached as Exhibit B in the Explanatory Statement of the Meeting (the “BVI MAA”), in substitution and replacement in their entirety of the Company’s then existing amended and restated memorandum and articles of association. (5) An ordinary resolution, subject to approval of Proposal 4 (the Migration proposal), to approve the authorization of the Board and any director or officer and of the Company to take all actions, execute all documents and make all filings as they may deem necessary or desirable to effect the Migration, including without limitation, signing (i) the voluntary declaration for and on behalf of the Company (which shall also be sworn by a Director) including a statement of the Company’s assets and liabilities as required by the Companies Act ; (ii) as the Company has no secured creditors, an undertaking that the Company has no secured creditors; (iii) a notice of the Company’s proposed registered office address in BVI, each in connection with the Company’s application to the Registrar of Companies of the Cayman Islands for the Migration, and the authorization of the Company’s registered office service providers to notify the Registrar of Companies of the Cayman Islands of the passing of the relevant special resolutions in accordance with the Companies Act. (6) An ordinary resolution to approve to adjourn the Meeting to a later date or dates or sine die, if necessary, to permit further solicitation and vote of proxies if, at the time of the Meeting, the Meeting becomes inquorate or there are not sufficient votes for, or otherwise in connection with, the approval of the foregoing proposals.The approved proposals will take effect in such sequence and subject to such conditions reviewed at the Meeting and described in the Notice and Explanatory Statement of the Meeting, including any required governmental and regulatory consents and filings. The Meeting was held originally on September 21 at 9:30 a.m. U.S. Eastern Time, and was adjourned due to the absence of a quorum and in accordance with the adjourned-meeting provisions of Article 17.7 of the Company’s currently effective amended and restated memorandum and articles of association adopted pursuant to special resolutions of the Company passed on April 30, 2026. The ordinary shares represented in person or by proxy at this adjourned Meeting, although still less than one-third (1/3) of the outstanding ordinary shares, constituted a quorum in accordance with Article 17.7 as permitted under applicable Cayman Islands law. In this respect, the Company elected to follow home country practice in the Cayman Islands in lieu of satisfying the quorum-related requirements of Nasdaq’s Listing Rule 5620(c). 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. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to carefully review other factors that may affect its future performance or results in the Company’s public filings with the U.S. Securities and Exchange Commission. CONTACTSLi Bang International Corporation Inc.Investor Relations DepartmentEmail: [email protected] WFS Investor Relations Email: [email protected] Phone: +1 628 283 9214

JIANGYIN, China, Nov. 07, 2025 (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 its audited financial results for the fiscal year ended June 30, 2025. Highlights for Fiscal Year Ended June 30, 2025 Total revenue increased 2.9% to approximately $11.1 million for the year ended June 30, 2025 from approximately $10.8 million for fiscal year 2024. Gross profit increased 4.1% to approximately $3.2 million for the year ended June 30, 2025, compared to approximately $2.7 million for fiscal year 2024. Gross margin improved by 4.1 percentage points, to 29.2% for the year ended June 30, 2025, from 25.1% for fiscal year 2024. Net loss was kept being narrowed to approximately $1.0 million for fiscal year 2025 from approximately $1.4 million in 2024. Mr. Huang Feng, Chief Executive Officer and Chairman of Li Bang, commented: “We made measurable progress for the year ended June 30, 2025 versus the prior year. Total revenue increased by 2.9% to $11.1 million, gross profit grew to $3.2 million and gross margin also expanded to 29.2% from 25.1%, all contributing to a narrowed net loss of approximately $1.0 million, a 26.1% improvement year over year.” “Against the industry backdrop of softer raw‑material costs and continued demand variability in project-based markets, the Company has benefited from both input-cost tailwinds and disciplined pricing. Past investments in regional expansion and channel testing informed a leaner marketing approach in 2025, and improved collections have reduced provisioning pressure. The Company remains mindful that market cycles, stainless‑steel pricing and end‑market demand will influence near‑term performance.” “Looking ahead, we will prioritize sustainable revenue growth, margin protection and liquidity. The Company will pursue customer and geographic diversification to increase higher‑margin project sales, secure supplier terms to mitigate raw‑material volatility, and scale the retail channel selectively. Li Bang is also actively looking for acquisition opportunities across upstream and downstream sectors and expects to make progress within the next six months, with timely updates to the market. Meanwhile we will manage discretionary spend and focus on converting backlog into cash to support operations and corporate development.” Audited Financial Results for Fiscal Years Ended June 30, 2025 and 2024 Revenues Total revenue increased by $312,063, or 2.9% to approximately $11.1 million for the year ended June 30, 2025 from approximately $10.8 million for fiscal year 2024. The increase was attributable to the increase in the revenue from project sales and retail sales. Revenues from project sales increased by $219,298 or 2.1% to approximately $10.6 million for the year ended June 30, 2025 from approximately $10.4 million for fiscal year 2024. The increase was primarily due to the increase in average project price. Revenues from retail sales increased by $92,765 or 25.2% to approximately $0.5 million for the year ended June 30, 2025 from approximately $0.4 million for fiscal year 2024. The change in retail revenues is due primarily to 19 more retail orders completed in the year ended June 30, 2025 compared to fiscal year 2024. Cost of Revenues Total cost of revenues was approximately $7.9 million for the year ended June 30, 2025, compared to approximately $8.1 million for fiscal year 2024. Cost of project sales decreased by $299,915, or 3.8%, to approximately $7.5 million for the year ended June 30, 2025 from approximately $7.8 million for fiscal year 2024. The decrease was due primarily to the decrease in nthe prices of raw materials. The highest unit price of main materials (stainless steel) decreased by 8.3% in fiscal year 2025. Cost of retail sales increased by $71,137 or 26.2% to approximately $0.3 million for the year ended June 30, 2025 from approximately $0.27 for fiscal year 2024. The increase was due mainly to the increase in the completion and delivery of retail projects in fiscal year 2025. Gross Profit Gross profit was approximately $3.2 million for the year ended June 30, 2025, an increase of $540,841 from approximately $2.7 million for fiscal year 2024. Gross margin increased by 4.1%, to 29.2% for the year ended June 30, 2025, from 25.1% for fiscal year 2024. Gross profit for project sales increased by $519,213 to approximately $3.1 million for the year ended June 30, 2025, as compared to approximately $2.6 million for fiscal year 2024. The increase was due to higher average project price in couple with lower cost of main materials (stainless steel) in the year ended June 30, 2025. Gross profit for retail sales increased to $118,222 for the year ended June 30, 2025 from $96,594 for fiscal year 2024. The Company expect to expand market, develop new customers, and enhance operational efficiency to improve gross margin. Operating Expenses Operating expenses were approximately $4.6 million for the year ended June 30, 2025, compared to approximately $4.4 million for fiscal year 2024. Selling expenses decreased by 10.7% to approximately $0.7 million for the year ended June 30, 2025, down from approximately $0.8 million in fiscal year 2024, primarily due to reduced market expansion costs following expansion into new regions in the previous year as the Company refined its marketing strategy in fiscal year 2025. General and administrative expenses increased by 14.3% to approximately $2.9 million, up from approximately $2.5 million in fiscal year 2024, mainly due to higher consulting fees, partially offset by decreased depreciation expenses. The Company anticipates further increases in these expenses post-IPO. The provision for expected credit losses decreased by 8.2% to approximately $1.0 million, down from approximately $1.1 million in fiscal year 2024, driven by favorable collection experience. Other Income, Net Other income, net increased by $131,331, or 22.4%, to approximately $0.7 million for the year ended June 30, 2025, from approximately $0.6 million for fiscal year 2024. The increase was mainly due to increase in government subsidies and in interest income from fixed deposits and loan receivable, which was partially offset by decrease in consulting service revenue. Net Loss Net loss attributable to the Company’s ordinary shareholders decreased by $357,566, or 26.1% from approximately 1.4 million for the year ended June 30, 2024, to $1.0 million for the year ended June 30, 2025. Balance Sheet As of June 30, 2025 the Company had cash of $933,826, compared to $153,914 as of June 30, 2024. 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: [email protected] WFS Investor Relations Email: [email protected] Phone: +1 628 283 9214

JIANGYIN, China, June 17, 2025 /PRNewswire/ -- 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 its unaudited interim financial results for the six months ended December 31, 2024. Highlights for the Six Months Ended December 31, 2024 Revenue - for the six months ended December 31, 2024, total revenues of approximately $4.7 million, compared to revenues of approximately $3.7 million for the six months ended 2023, reflecting an increase of approximately 27% due mainly to higher revenue from project sales. Gross profit - for the six months ended December 31, 2024, gross profit of $841,000, compared to gross profit of approximately $612,000 for the six months ended 2023, reflecting an increase of approximately 37% due mainly to higher revenues and margin improvement. Despite the challenges from a slow down in the PRC economy, the Company was able to reduce its net loss to approximately $1.1 million for the six months ended December 31, 2024, as comparted to net loss of approximately $1.5 million for the six months ended 2023. Unaudited Financial Results for the Six Months Ended December 31, 2024 and 2023 Revenues Total revenue for the six months ended December 31, 2024 increased by $987,000, or 26.5%, to $4,716,845 for the six months ended December 31, 2024 from $3,729,845 for the comparable period in 2023. The increase in the Company's revenues was primarily attributable to the increase in the revenue from project sales. Revenue for project sales increased by $963,906 or 27.6% to $4,451,937 for the six months ended December 31, 2024 from $3,488,031 for 2023. The increase was primarily due to three more projects completed in the six months ended December 31, 2024 compared to the comparable period in 2023. Revenues from retail sales increased by $23,094 or 9.6% to $264,908 for the six months ended December 31, 2024 from $241,814 for 2023. The change in retail revenues is primarily due to slight increase in total number of retail orders. Gross Profit Gross profit was $840,929 for the six months ended December 31, 2024, an increase of $229,141, from $611,788 for the six months ended December 31, 2023. Gross margin increases by 1.4%, to 17.8% for the six months ended December 31, 2024 from 16.4% for the six months ended December 31, 2023. The increase in gross margin was mainly due to the lower proportion of purchased parts and higher proportion of self-produced products in specific projects compared to the six months ended December 31, 2023, resulting in lower overall costs. The product mix is determined by project types and contract terms. Management believes the Company's gross margin will continue to improve as production efficiency increases. Operating Expenses Operating expenses were approximately $2.02 million for the six months ended December 31, 2024, a decrease of $167,149 from approximately $2.19 million for the six months ended December 31, 2023. Selling expenses were $423,228 for the six months ended December 31, 2024, an increase of $54,819, or 14.9%, from $368,409 for the comparable period in 2023. The net increase was mainly due to the increase in market expansion fees and project bidding fees, which consistent with the revenue growth during the period. General and administrative expenses were $1,464,679 for the six months ended December 31, 2024, a decrease of $14,882 or 1.0%, from $1,479,561 for the comparable period in 2023. The decrease was mainly due to the reduction in headcount in administrative departments, net of higher consulting fees compared with the six months ended December 31, 2023. Provision for expected credit losses was $135,456 for the six months ended December 31, 2024, a decrease of $207,086 or 60.5%, from $342,542 for the comparable period in 2023. The decrease was mainly due to the collection of the accounts receivables from previous projects. And these receivables were recognized as credit losses in prior periods. Other (Expense) Income Other (expense) income was expense of $890,201 and income of $1,493,465 for the six months ended December 31, 2024 and 2023, respectively. The decrease was primarily due to: (a) brand charge revenue decreased by $77,017; (b) government subsidies decreased by $36,969; and (c) non-project installation and maintenance revenue decreased by $27,782. Net Loss Net loss was $1,125,915 for the six months ended December 31, 2024, a decrease of $337,133 from net loss of $1,463,048 for the same period in 2023. Balance Sheet As of December 31, 2024, the Company had cash of $1,094,269, compared to $153,914 as of June 30, 2024. Cash Flow Net cash provided by operating activities was $258,431 for the six months ended December 31, 2024, an increase of $430,260 from net cash used of $171,829 for the same period in 2023. The change was primarily attributable to the Company's enhanced profitability and receivable management. Net cash used in investing activities was $4,532,991 for the year ended December 31, 2024, an increase of $4,446,120 compared to net cash used in investing activities of $86,871 for the same period in 2023. The change was primarily attributable to the increase in loans lent to third parties. Net cash provided by financing activities was $5,236,406 for the year ended December 31, 2024, an increase of $5,218,493 compared to net cash provided by financing activities of $17,913 for the same period in 2023. The change was primarily attributable to the completion of the Company's initial public offering("IPO") in 2024, which provided net proceeds of approximately $5.23 million. About Li Bang International Corporation Inc. Li Bang International Corporation Inc. specializes in the independently research, 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 state-of-the-art 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. Cautionary Statement Regarding Forward Looking Statements We have made statements in this report that constitute forward-looking statements. Forward-looking statements involve risks and uncertainties, such as statements about our plans, objectives, expectations, assumptions or future events. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "we believe," "we intend," "may," "should," "could" and similar expressions. These statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from any future results, performances or achievements expressed or implied by the forward-looking statements. These forward-looking statements include statements about: our business and operating strategies and plans for the development of existing and new businesses, ability to implement such strategies and plans and expected time; developments in, or changes to, laws, regulations, governmental policies, incentives, taxation and regulatory and policy environment affecting our operations and the cryptocurrency and blockchain industry; our future business development, financial condition and results of operations; expected changes in our revenues, costs or expenditures; general business, political, social and economic conditions in mainland China where we base our operations. The ultimate correctness of these forward-looking statements depends upon a number of known and unknown risks and events. Many factors could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Consequently, you should not place undue reliance on these forward-looking statements. The forward-looking statements speak only as of the date on which they are made, and, except as required by law; we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to update this forward-looking information. Nonetheless, we reserve the right to make such updates from time to time by press release, periodic report or other method of public disclosure without the need for specific reference to this interim report. No such update shall be deemed to indicate that other statements not addressed by such update remain correct or create an obligation to provide any other updates. CONTACTS Li Bang International Corporation Inc. Investor Relations Department Email: [email protected] Ascent Investor Relations LLC Tina Xiao Phone: +1-646-932-7242 Email: [email protected] View original content:https://www.prnewswire.com/news-releases/li-bang-international-announces-its-interim-financial-results-for-the-six-months-ended-december-31-2024-302484383.html SOURCE Li Bang International Corporation Inc.