Core Viewpoint - Libang (LBGJ) experienced a 2.14% increase in stock price, reaching $1.43 per share, with a total market capitalization of $26.81 million as of July 30 [1] Financial Performance - For the fiscal year ending December 31, 2024, Libang reported total revenue of $4.72 million, reflecting a year-over-year growth of 26.46% [1] - The company's net profit attributable to shareholders was -$1.13 million, showing a year-over-year improvement of 23.03% [1] Company Overview - Libang International Company is a Cayman Islands-registered holding company, primarily operating through its domestic subsidiary, Wuxi Libang Kitchenware Co., Ltd [1] - Wuxi Libang Kitchenware Co., Ltd specializes in the production and processing of commercial kitchen equipment and has a complete and scientific quality management system [1]

Exhibit 99.2 INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | | Page(s) | | --- | --- | | Condensed Consolidated Balance Sheets as of December 31, 2024 (Unaudited) and June 30, 2024 | F-2 | | Unaudited Condensed Consolidated Statements of Loss and Comprehensive Loss for the Six Months Ended December 31, 2024 and 2023 | F-3 | | Unaudited Condensed Consolidated Statements of Changes in Equity for the Six Months Ended December 31, 2024 and 2023 | F-4 | | Unaudited Condensed Consolidated Stateme ...

Core Viewpoint Li Bang International Corporation reported a significant increase in revenue and a reduction in net loss for the six months ended December 31, 2024, compared to the same period in 2023, indicating improved operational performance despite economic challenges in China. Financial Performance - Total revenue increased by $987,000, or 26.5%, to $4,716,845 for the six months ended December 31, 2024, from $3,729,845 in 2023, primarily driven by higher project sales [4][5] - Gross profit rose to $840,929, reflecting a 37.5% increase from $611,788 in the prior year, with gross margin improving to 17.8% from 16.4% [7][5] - Operating expenses decreased by $167,149, or 7.6%, to $2,023,363, down from $2,190,512 in 2023 [8][16] Project and Retail Sales - Revenue from project sales increased by $963,906, or 27.6%, to $4,451,937, attributed to the completion of three additional projects compared to the previous year [6] - Retail sales revenue grew by $23,094, or 9.6%, to $264,908, due to a slight increase in the number of retail transactions [6] Net Loss and Other Income - Net loss decreased to $1,125,915 for the six months ended December 31, 2024, down from $1,463,048 in 2023, marking a reduction of $337,133 [10][5] - Other income decreased significantly, resulting in a net other expense of $10,899 compared to a net income of $134,568 in the previous year [9][24] Cash Flow and Balance Sheet - Net cash provided by operating activities was $258,431, an increase of $430,260 from a net cash used of $171,829 in 2023, reflecting improved profitability and receivable management [12] - As of December 31, 2024, cash increased to $1,094,269 from $153,914 as of June 30, 2024, indicating a strong liquidity position [11] Equity and Financing - The company completed its initial public offering (IPO) in 2024, resulting in net proceeds of approximately $5.23 million, contributing to a significant increase in cash flow from financing activities [14]

Core Viewpoint - Li Bang International Corporation Inc. reported a significant decline in revenue for fiscal year 2024, attributed to a challenging economic environment and strategic shifts towards high-end hotel kitchen projects [2][3][4]. Financial Performance - Total revenue for fiscal year 2024 was $10.8 million, a decrease of 22.9% from $14.0 million in fiscal year 2023 [3]. - Revenue from project sales was $10.4 million, down 23.2% from $13.6 million in the previous year, primarily due to the slowdown of China's economy and a shift in project mix [4]. - Retail sales revenue decreased by 13.1% to $367,976 from $423,527 in fiscal year 2023, also impacted by the economic slowdown [4]. Cost and Profitability - Cost of revenue was $8.1 million, a slight decrease of 1.9% from $8.2 million in fiscal year 2023, aligning with the revenue decline [5]. - Gross profit fell to $2.7 million, down 53.0% from $5.8 million, resulting in a profit margin of 25.1%, which is a decrease of 16.0% from 41.1% in the previous year [6]. Operating Expenses - Total operating expenses were $4.4 million, a decrease of 1.9% from $4.5 million in fiscal year 2023 [7]. - Selling expenses increased by 27.8% to $831,252, driven by higher compensation for sales personnel and market expansion costs [8]. - General and administrative expenses decreased by 5.2% to $2.5 million, mainly due to reduced employee salaries and depreciation expenses [8]. Net Income - The company reported a net loss of $1.4 million for fiscal year 2024, compared to a net income of $0.6 million in fiscal year 2023 [10]. - Basic and diluted loss per share was $0.08, compared to earnings per share of $0.04 in the previous year [10]. Financial Condition - As of June 30, 2024, the company had cash of $153,914, an increase from $76,019 as of June 30, 2023 [11]. - Net cash used in operating activities was $646,479, slightly higher than $634,414 in fiscal year 2023 [11]. - The company completed its initial public offering on October 23, 2024, raising gross proceeds of $6.08 million [12]. Recent Developments - The company is focusing on strategic investments in plant construction, equipment procurement, and innovation to enhance product quality and operational efficiency [2]. - Li Bang aims to strengthen its market position and deliver sustainable value to shareholders through ongoing research and development efforts [2].

Core Viewpoint - Li Bang International Corporation Inc. successfully closed its initial public offering, raising a total of US$6.08 million by selling 1,520,000 ordinary shares at a price of US$4.00 per share, with trading commencing on October 23, 2024 under the ticker symbol "LBGJ" [1][2]. Group 1: Offering Details - The initial public offering consisted of 1,520,000 ordinary shares priced at US$4.00 each, generating gross proceeds of US$6.08 million before expenses [1]. - The underwriters were granted a 45-day option to purchase an additional 228,000 ordinary shares, which is 15% of the shares sold in the offering [1][2]. - The offering was conducted on a firm commitment basis, with Craft Capital Management LLC as the representative of the underwriters and EF Hutton LLC as the co-underwriter [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for various purposes, including plant construction, equipment procurement, advertising and marketing, research and development, and general working capital [2]. Group 3: Company Overview - Li Bang International Corporation Inc. specializes in the design, development, production, and sale of stainless steel commercial kitchen equipment in China, operating under its own "Li Bang" brand [5]. - The company aims to provide comprehensive services, from the initial design of commercial kitchen appliances to installation and after-sales maintenance, with a commitment to innovation and high quality [5]. - The long-term vision of the company is to establish itself as a household name synonymous with its products [5].

Core Viewpoint - Li Bang International Corporation Inc. is pricing its initial public offering (IPO) of 1,520,000 ordinary shares at US$4.00 per share, aiming to raise approximately US$6.08 million before expenses, with trading expected to commence on October 23, 2024, under the ticker symbol "LBGJ" [1][2]. Group 1: Offering Details - The IPO consists of 1,520,000 ordinary shares priced at US$4.00 each, with expected gross proceeds of US$6.08 million [1]. - Underwriters have a 45-day option to purchase an additional 228,000 shares, representing 15% of the shares sold in the offering [1]. - The offering is expected to close on or about October 24, 2024, subject to customary closing conditions [1]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for plant construction, equipment procurement, advertising and marketing, research and development, and general working capital [2]. Group 3: Company Overview - Li Bang International Corporation Inc. specializes in the design, development, production, and sale of stainless steel commercial kitchen equipment in China [5]. - The company aims to provide comprehensive services from early-stage design to installation and after-sales maintenance, focusing on innovation and high quality [5]. - The long-term vision of the company is to establish itself as a household name in the commercial kitchen appliance sector in China [5].