Li Bang International shares surge 18.97% intraday following shareholder approval of board reappointments and capital structure changes.

Li Bang International (LBGJ) surged 18.97% intraday following the announcement that shareholders overwhelmingly approved governance changes at its annual general meeting. The vote reaffirmed all five incumbent directors and confirmed Wei, Wei & Co., LLP as the independent auditor, while authorizing significant capital structure flexibility through share consolidations and a 3.15 billion Class A share capital increase. These measures, endorsed by 83.6% of voting power, signal strong shareholder support for management’s strategic direction and enhanced capacity to address listing compliance or financing needs. The approval of structural changes to stabilize share price and facilitate future transactions likely drove immediate optimism, overshadowing broader analyst skepticism about the company’s financial health. The interim financial results (Reason 2) lacked specific details to independently justify the sharp rally.