Jiangyin, China, November 14, 2024 – Li Bang International Corporation Inc. (Nasdaq: LBGJ) (“Li Bang”), a manufacturer of stainless steel commercial kitchen equipment in China, announced that the underwriters of its initial public offering (“Offering”) have fully exercised their over-allotment option to purchase an additional 228,000 ordinary shares at the public offering price of US$4.00 per share, generating an extra US$912,000 in gross proceeds. After accounting for the full exercise of the over-allotment option, the total number of ordinary shares sold by Li Bang in the public offering increased to 1,748,000 ordinary shares, bringing the total gross proceeds to approximately US$6.992 million, before deducting underwriter discounts and other expenses. The option closing date was November 14, 2024. The ordinary shares commenced trading on the Nasdaq Capital Market on October 23, 2024, under the ticker symbol “LBGJ.”

The proceeds from the Offering will be used for plant construction, equipment procurement, advertising and marketing, research and development, and general working capital.

The Offering was conducted on a firm commitment basis. Craft Capital Management LLC acted as the representative of the underwriters, with D. Boral Capital LLC (formerly known as EF Hutton LLC) serving as the co-underwriter (collectively, the “Underwriters”) for the Offering. Ortoli Rosenstadt LLP acted as the U.S. counsel to Li Bang, and Sichenzia Ross Ference Carmel LLP acted as the U.S. counsel to the Underwriters in connection with the Offering.

A registration statement on Form F-1 relating to the Offering was filed with the Securities and Exchange Commission (the “SEC”) (File Number: 333-262367), as amended, and was declared effective by the SEC on September 30, 2024. The Offering was made solely through a prospectus that forms part of the registration statement. Copies of the prospectus related to the Offering can be obtained from Craft Capital Management LLC at 377 Oak St, Lower Concourse, Garden City, NY 11530, or via email at , or by phone at (800) 550-8411; or from D. Boral Capital LLC (formerly known as EF Hutton LLC) at 590 Madison Avenue, 39th Floor, New York, NY 10022, or via email at , or by phone at (212) 970-5150. Copies of the prospectus related to the Offering can also be obtained through the SEC’s website at .

This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of Li Bang’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of Li Bang’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Li Bang International Corporation Inc.

Li Bang International Corporation Inc. specializes in the independent research, development, production, and sale of stainless steel commercial kitchen equipment under its own “Li Bang” brand in China. Alongside its product offerings, Li Bang provides comprehensive services, from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance. Committed to innovation and high-quality, Li Bang utilizes modern production facilities and cutting-edge procedures and strives to become a premier commercial kitchen appliance manufacturer in China. The Company’s long-term vision is to establish itself as a household name, synonymous with the products it manufactures. For more information, please visit the company’s website at .

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements.These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For more information, please contact:

Li Bang International Corporation Inc.
Investor Relations Department
Email: 

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: