Li Bang International Corporation Inc. intends to effect a 1-for-200 reverse share split of its ordinary shares. 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, on the Nasdaq Capital Market under the symbol LBGJ with a new CUSIP number G5480M128. The share consolidation has been approved by shareholders and the board, and is being implemented to help ensure continued compliance with Nasdaq's minimum bid price requirement. Upon effectiveness, every two hundred shares of par value USD0.00001 each will be combined into one share of par value USD0.002, with fractional shares rounded up to the next whole share. The company currently has 108,127,815 Class A ordinary shares and 154,360 Class B ordinary shares issued and outstanding, and immediately following the consolidation it will have approximately 540,640 Class A ordinary shares and 772 Class B ordinary shares issued and outstanding, subject to fractional share rounding treatment.
Li Bang International Corporation Inc. Ordinary SharesReverse stock split to meet Nasdaq minimum bid price requirement; no fundamental change in value.