Li Bang International agrees to buy 50.1% stake in Jiangsu Xinsheng Synthetic Materials

• Li Bang International agreed on November 3, 2026, to acquire 50.1% of Jiangsu Xinsheng Synthetic Materials.
• The purchase price comprises US$ 23 million in cash, payable in three installments, and 2,000,000 Class A ordinary shares.
• The target supplies chemical raw materials and provides related technical support services.
• The first closing requires share issuance and US$ 3 million payment within 10 business days of signing; equity transfers follow at subsequent closings.
• A three-year protection mechanism requires additional shares following reverse splits to preserve sellers’ aggregate holding of 2,000,000 consideration shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Li Bang International Corporation Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-049810), on November 03, 2026, and is solely responsible for the information contained therein.