Li Bang International Corporation Inc. shareholders approved a series of corporate restructuring measures at an extraordinary general meeting held on September 22, 2026. The resolutions authorize increasing authorized share capital to USD $7 million and subdividing shares via a 1-for-200 split to reduce par value from USD $0.002 to USD $0.00001. Additionally, shareholders approved the company's migration of incorporation from the Cayman Islands to the British Virgin Islands. The meeting initially lacked a quorum on September 21 but reconvened successfully under Cayman Islands law provisions that differed from Nasdaq listing requirements. Li Bang International Corporation Inc. specializes in the development, production, and sale of stainless-steel commercial kitchen equipment.
