Li Bang, subsidiaries announces topping-out of kitchen production facility

Li Bang (LBGJ) International and its subsidiaries announced that the main structure of its Phase II intelligent kitchen production facility located in Gushan Town, Jiangyin, was successfully topped out on January 28, 2026. The Company expects the facility to commence operations in June 2026. The Phase II project represents a total investment of approximately RMB 200 million. Upon completion and full ramp-up, the facility is expected to produce about 5,000 sets of intelligent kitchen equipment annually, significantly enhancing the Company’s manufacturing capacity and product capabilities.