JIANGYIN, China, Feb. 27, 2026 — Li Bang International Corporation Inc. (“Li Bang International”) and its subsidiaries (collectively, the “Company,” “we,” “us,” “our company,” or “Li Bang”) (Nasdaq: LBGJ), a firm engaged in designing, developing, manufacturing, and marketing stainless steel commercial kitchen equipment in China, today revealed that its wholly-owned subsidiary, Jiangsu Li Bang Intelligent Technology Co., Ltd., has executed a binding share purchase agreement (the “Agreement”) with three individual controlling shareholders of Suzhou Yufengyuan Food Distribution Co., Ltd. (“Yufengyuan”) to obtain a 51% controlling stake in Yufengyuan. Yufengyuan operates as a catering service provider that delivers centrally prepared meals to institutional clients. This strategic move represents a key milestone in Li Bang’s vertical integration strategy, expanding its value chain from equipment production into high-margin downstream catering services. The acquisition is slated to conclude on or before May 30, 2026, contingent on the completion of regulatory registration updates and other standard closing conditions.
The acquisition is set to provide immediate financial growth for Li Bang. By the end of June 2026, the total value of ongoing contracts secured by Yufengyuan is projected to reach roughly RMB90 million ($13 million). The Company forecasts that the acquisition will contribute an estimated RMB150 million ($22 million) in total revenue to Li Bang’s consolidated results for the full 2026 calendar year.
By integrating Yufengyuan’s specialized service capabilities – which include the provision of professional chefs and kitchen staff – Li Bang intends to shift its business model from a traditional equipment manufacturer to a comprehensive solutions provider. The Company expects that combining its cutting-edge kitchen equipment with Yufengyuan’s operational staffing services will generate strong synergies, significantly boosting its competitiveness in bidding and contract discussions.
Under the Agreement signed on February 25, 2026, the purchase price will be determined based on an independent audit and valuation of Yufengyuan’s total equity value and will be paid in two installments, with the registration of the acquired shares and final payment scheduled to be completed by May 30, 2026.
Mr. Huang Feng, Chief Executive Officer and Chairman of the Board of Directors of the Company, stated: “Unlike the periodic nature of equipment sales, culinary services feature high frequency and strong customer retention. This acquisition enables Li Bang to leverage these recurring revenue streams, extending the lifespan of its client relationships and enhancing long-term revenue predictability. Moreover, the inclusion of labor-based services, which typically have higher profit margins than hardware manufacturing, is expected to improve the Company’s overall profitability and operational efficiency.”
About Suzhou Yufengyuan Food Distribution Co., Ltd.
Established in 2002, Suzhou Yufengyuan Food Distribution Co., Ltd. is a leading food-service provider in Jiangsu province, China. Equipped with a 4,500 m² centralized kitchen and a full distribution center, it serves schools, government institutions, and corporate clients, delivering 200,000 meals daily and maintaining a 25-year track record of zero food-safety incidents, along with multiple local awards.
Yufengyuan emphasizes nutrition and safety through advanced monitoring and strict supply-chain controls. It offers customized, balanced meal programs for students and professionals, incorporates customer feedback into menu planning, and continues to drive innovation in China’s food-service industry.
About Li Bang International Corporation Inc.
Li Bang International Corporation Inc. (Nasdaq: LBGJ) focuses on the development, manufacturing, and distribution of stainless-steel commercial kitchen equipment under its own “Li Bang” brand in China. Beyond its product offerings, the Company provides comprehensive services ranging from the early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance. Committed to innovation and high quality, the Company utilizes modern production facilities and established processes, aiming to become a top-tier commercial kitchen appliance manufacturer in China. The Company’s long-term goal is to establish itself as a well-recognized household name associated with its manufactured products. For more information, please visit the company’s website at .
Forward Looking Statements
Certain statements in this announcement qualify as “forward-looking” statements under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections regarding future events that it believes may impact its financial condition, operating results, business strategy, and financial requirements. Investors can identify these forward-looking statements by terms such as “may”, “could”, “will”, “should”, “would”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “project” or “continue” or the negative of these terms or similar language. The Company has no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances or changes in its expectations, except as required by law. Although the Company believes the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee they will be accurate, and it warns investors that actual results may differ materially from expected results. Investors are encouraged to review other factors that may affect future results in the Company’s financial filings with the U.S. Securities and Exchange Commission.
CONTACTS
Li Bang International Corporation Inc.
Investor Relations Department
Email:
WFS Investor Relations
Email:
Phone: +1 628 283 9214
