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Julong Holding Limited Announces Closing of Initial Public Offering

BEIJING, June 27, 2025 (GLOBE NEWSWIRE) -- Julong Holding Limited ("Julong" or the "Company") (NASDAQ:JLHL), a growth-oriented provider of intelligent integrated solutions, today announced the closing of its initial public offering (the "Offering") of 1,250,000 Class A ordinary shares, at a public offering price of US$4.00 per share (the "Offering Price"). The Company's Class A ordinary shares began trading on the Nasdaq Capital Market on June 26, 2025, under the ticker symbol "JLHL."

The aggregate gross proceeds from the Offering were US$5.0 million, before deducting underwriting discounts and other related expenses. The Company intends to use the net proceeds for (i) pursuing strategic acquisitions and investment opportunities to strengthen its market position and further enhancing its competitiveness in the intelligent integrated solutions industry, (ii) expanding into a wider customer base and more geographical markets in mainland China and internationally, (iii) investment in research and development to expand the capabilities of its technology in both hardware and software domains, and (iv) general corporate purposes.

In addition, the Company has granted the underwriter an option, exercisable within 45 days from the date of the Offering, to purchase up to an aggregate of 187,500 additional Class A ordinary shares at the Offering Price, less underwriting discounts and commissions.

US Tiger Securities, Inc. acted as the sole book-runner for the Offering.

A registration statement related to these securities has been filed with, and declared effective by, ...