Li Bang International Adopts Dual-Class Share Structure and Lists Class A Shares on Nasdaq
Li Bang International Corporation Inc., a Chinese manufacturer of stainless steel commercial kitchen equipment, has adopted a dual-class share structure following shareholder approval. The company re-designated all existing ordinary shares as Class A ordinary shares, each with one vote per share, and created Class B ordinary shares, each with fifteen votes per share. As part of the reorganization, 15,436,000 Class A ordinary shares were repurchased and replaced with an equal number of Class B shares, now held by entities controlled by the CEO, Mr. Huang Feng, and director Ms. Funa Li. The new Class A ordinary shares began trading on the Nasdaq Capital Market under the same symbol, LBGJ, effective November 21, 2025. This restructuring consolidates the voting power with the company's top executives.
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