Li Bang International Announces 1-for-200 Share Consolidation

JIANGYIN, China, July 29, 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 it intends to effect a reverse share split of its ordinary shares on a 1-for-200 basis (the “Share Consolidation”). The Company’s Class A ordinary shares will begin trading on a post-split basis at the open of business on Monday, August 3, 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 G5480M128.

The Share Consolidation has been approved by the Company’s shareholders and the Company’s board of directors, and is being implemented proactively to help ensure the Company’s continued compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).