[SCHEDULE 13G/A] Baosheng Media Group Holdings Limited Ordinary shares SEC Filing

Rhea-AI Filing Summary

Baosheng Media Group Holdings Ltd (NASDAQ: BAOS) received an Amendment No. 3 to Schedule 13G from Pubang Landscape Architecture Co., Ltd. and its affiliates, reflecting their current ownership position in the company.

• Reporting persons: Pubang Landscape Architecture Co., Ltd. (PRC), Pubang Landscape Architecture (HK) Co., Ltd. (Hong Kong), and PBCY Investment Limited (BVI).
• Shares owned: 156,250 ordinary shares, all held through PBCY Investment Limited.
• Ownership percentage: 10.18 % of Baosheng’s 1,534,487 shares outstanding as of 31 Dec 2024.
• Control details: The group has shared voting and dispositive power over the shares and reports no sole voting or dispositive authority.
• Filing trigger date: 28 May 2025; signatures dated 15 Jul 2025.
• Filer classification: “FI” (foreign institution) for each reporting entity.

The disclosure confirms that Pubang—an established PRC landscape architecture company—continues to hold a >10 % passive stake in Baosheng. While the filing does not signal an active transaction or intention to influence control, it underscores the presence of a significant strategic shareholder that could affect float, liquidity and future governance discussions.

Positive

• 10.18 % ownership by Pubang group confirms substantial institutional interest, reducing free float and potentially lending price support.

Negative

• None.

Insights

Securities Analyst

TL;DR – A 10.18 % passive stake re-affirmed; moderately supportive signal for BAOS share base.

This amendment formalises Pubang’s continued ownership of 156,250 BAOS shares. Crossing the 10 % threshold keeps the investor on regulators’ radar, but the absence of sole voting power suggests no immediate activism. For a micro-cap with only 1.53 million shares outstanding, the concentration is material; reduced free float can amplify price moves, and Pubang’s financial backing may provide market confidence. Nonetheless, no change in corporate control or capital structure emerges, so valuation impact is likely modest and sentiment-driven.

Corporate Governance Expert

TL;DR – Passive filing, limited governance implications; monitor but expect neutral near-term impact.

The Schedule 13G classification indicates a passive investment intent. Pubang and its layers of subsidiaries hold shared, not sole, powers, meaning board influence remains indirect. There are no group formation disclosures, no plans to acquire additional shares, and no items under Sections 4, 5, 6 that hint at control ambitions. Consequently, governance structures stay intact. Investors should watch for future switches to a 13D (active) filing, which would materially change the outlook.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Baosheng Media Group Holdings Ltd

(Name of Issuer)

Ordinary shares, $0.0096 par value per share

(Title of Class of Securities)

G08908124

(CUSIP Number)

05/28/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G08908124

1

Names of Reporting Persons

PBCY Investment Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 156,250.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 156,250.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

156,250.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.18 %

12

Type of Reporting Person (See Instructions)

FI

Comment for Type of Reporting Person: (1) The number reported in Item 6 and Item 8 represents 156,250 ordinary shares held of record by PBCY Investment Limited, a British Virgin Islands company owned as to 86.35% by Pubang Landscape Architecture (HK) Co., Ltd., which in turn is wholly owned by Pubang Landscape Architecture Co., Ltd., a joint stock company established in the PRC with limited liability. (2) The beneficial ownership percentage reported in Item 11 is calculated based on 1,534,487 ordinary shares of the Issuer issued and outstanding as of December 31, 2024.

SCHEDULE 13G

CUSIP No. G08908124

1

Names of Reporting Persons

Pubang Landscape Architecture (HK) Co., Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

HONG KONG

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 156,250.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 156,250.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

156,250.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.18 %

12

Type of Reporting Person (See Instructions)

FI

Comment for Type of Reporting Person: (1) The number reported in Item 6 and Item 8 represents 156,250 ordinary shares beneficially owned by Pubang Landscape Architecture (HK) Co., Ltd., held indirectly through its 86.35% owned subsidiary, PBCY Investment Limited, a British Virgin Islands company. (2) The beneficial ownership percentage reported in Item 11 is calculated based on 1,534,487 ordinary shares of the Issuer issued and outstanding as of December 31, 2024.

SCHEDULE 13G

CUSIP No. G08908124

1

Names of Reporting Persons

Pubang Landscape Architecture Co., Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CHINA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 156,250.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 156,250.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

156,250.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.18 %

12

Type of Reporting Person (See Instructions)

FI

Comment for Type of Reporting Person: (1) The number reported in Item 6 and Item 8 represents 156,250 ordinary shares beneficially owned by Pubang Landscape Architecture Co., Ltd., held indirectly through its wholly owned subsidiary, Pubang Landscape Architecture (HK) Co., Ltd., which in turn beneficially owns 156,250 ordinary shares through its 86.35% owned subsidiary, PBCY Investment Limited, a British Virgin Islands company. (2) The beneficial ownership percentage reported in Item 11 is calculated based on 1,534,487 ordinary shares of the Issuer issued and outstanding as of December 31, 2024.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Baosheng Media Group Holdings Ltd
(b)	Address of issuer's principal executive offices: EAST FLOOR 5, BUILDING NO. 8 XISHANHUI SHIJINGSHAN DISTRICT, BEIJING PEOPLE'S REPUBLIC OF CHINA 100041
Item 2.
(a)	Name of person filing: This statement is filed on behalf of each of the following, which will be referred to hereinafter, individually as a "Reporting Person" and collectively as the "Reporting Persons": (i) PBCY Investment Limited (ii) Pubang Landscape Architecture (HK) Co., Ltd. (iii) Pubang Landscape Architecture Co., Ltd.
(b)	Address or principal business office or, if none, residence: Address of the Principal Business Office of each of the Reporting Persons is: 34F, Fortune Century Square No. 13 Hai'an Road, Tianhe District Guangzhou, People's Republic of China 510627
(c)	Citizenship: (i) PBCY Investment Limited British Virgin Islands (ii) Pubang Landscape Architecture (HK) Co., Ltd. Hong Kong (iii) Pubang Landscape Architecture Co., Ltd. People's Republic of China
(d)	Title of class of securities: Ordinary shares, $0.0096 par value per share
(e)	CUSIP No.: G08908124
Item 4.	Ownership
(a)	Amount beneficially owned: Incorporated by reference to Item 9 of the cover page for each Reporting Person.
(b)	Percent of class: Incorporated by reference to Item 11 of the cover page for each Reporting Person.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Incorporated by reference to Item 5 of the cover page for each Reporting Person.
	(ii) Shared power to vote or to direct the vote: Incorporated by reference to Item 6 of the cover page for each Reporting Person.
	(iii) Sole power to dispose or to direct the disposition of: Incorporated by reference to Item 7 of the cover page for each Reporting Person.
	(iv) Shared power to dispose or to direct the disposition of: Incorporated by reference to Item 8 of the cover page for each Reporting Person.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PBCY Investment Limited

Signature:	/s/ Xinxia Liu
Name/Title:	Xinxia Liu/Director
Date:	07/15/2025

Pubang Landscape Architecture (HK) Co., Ltd.

Signature:	/s/ Cheng Yu
Name/Title:	Cheng Yu/Director
Date:	07/15/2025

Pubang Landscape Architecture Co., Ltd.

Signature:	/s/ Guolong Yang
Name/Title:	Guolong Yang/Director
Date:	07/15/2025

Exhibit Information

Exhibit 1: Joint Filing Agreement by and among the Reporting Persons (incorporated herein by reference to Exhibit 99.1 to Schedule 13G/A filed by the Reporting Persons on September 30, 2024)

FAQ

Who filed the Schedule 13G/A for BAOS on 15 July 2025?

The filing was made jointly by PBCY Investment Limited, Pubang Landscape Architecture (HK) Co., Ltd., and Pubang Landscape Architecture Co., Ltd.

How many Baosheng Media (BAOS) shares do the reporting persons own?

They beneficially own 156,250 ordinary shares of BAOS.

What percentage of BAOS’s outstanding shares does this represent?

Their holdings equal 10.18 % of the 1,534,487 shares outstanding as of 31 Dec 2024.

Do the filers have sole or shared voting power over the BAOS shares?

They report shared voting and dispositive power over all 156,250 shares; sole power is 0.

What event date triggered the BAOS Schedule 13G/A filing?

The filing relates to an event dated 28 May 2025.

What is the CUSIP number for Baosheng Media’s ordinary shares?

The CUSIP is G08908124.