Li Bang International Shareholder Approval of Capital Restructuring and Share Consolidation

Li Bang International Corporation Inc. held an extraordinary general meeting on April 30, 2026, where shareholders approved six proposals related to significant capital restructuring. Key approvals included: increasing authorized Class B ordinary shares from 500,000 to 350,000,000; reducing par value of all shares from $0.01 to $0.00001; subdividing unissued shares (1:1000 ratio); and authorizing a future share consolidation at a 1-for-200 ratio. The company also adopted amended memoranda of association to reflect these changes. Approximately 40.7% of outstanding shares were represented at the meeting, with all proposals receiving overwhelming approval (over 99% support for most proposals). The restructuring significantly increases the company's authorized share capital flexibility while reducing par value per share.