Recent Updates — JLHL

Julong Holding Limited entered into a securities purchase agreement on September 28, 2026, for a private placement of Class A ordinary shares and pre-funded warrants. The company issued 750,000 initial shares at $0.30 per share and 2,250,000 pre-funded warrants at $0.299 each, generating gross proceeds of $897,750 with net proceeds of approximately $828,000 after offering expenses. The pre-funded warrants carry an exercise price of $0.001 per share and are immediately exercisable until fully exercised. The transaction is expected to close on or about September 29, 2026, subject to customary conditions precedent. Julong Holding Limited operates in the intelligent integrated solutions industry, providing security, fire protection, parking, and city management systems for public utilities and commercial properties in China.

Julong Holding Limited announced that independent director Shengshan Sun resigned from the board and all committees effective August 20, 2026. The resignation was not due to disagreements regarding operations or policies. Mr. Xitian Zhang was appointed as a replacement independent director and committee member on the same date. Mr. Zhang brings academic experience as an associate professor at Sun Yat-Sen University. Following these changes, the board consists of five members: two executive directors and three independent directors. The company operates in the investment holding sector.

Julong Holding Limited reported unaudited financial results for the six months ended March 31, 2026. Revenues increased 21.6% to RMB124.3 million (US$18.0 million) from RMB102.2 million in the prior year period, driven by a 22.9% rise in engineering solutions revenue to RMB120.3 million as contracts under execution grew to 322 from 226. Gross profit rose 16.4% to RMB19.5 million with a gross margin of 15.7%, down from 16.4%. Net income increased slightly by 0.8% to RMB11.7 million (US$1.7 million), yielding basic and diluted earnings per share of RMB0.54 (US$0.08). Selling, general, and administrative expenses surged 91.9% to RMB6.0 million due primarily to increased service fees. The company operates in the intelligent integrated solutions industry for public utilities and commercial properties.

Ms. Jinying Wang resigned from the Audit Committee effective June 9, 2026, and the Board has appointed Mr. Shengshan Sun as an independent director and a member of the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee, effective the same date. Julong Holding Limited is a China-based company that provides various services in the holding company structure.