[SCHEDULE 13G/A] Creative Global Technology Holdings Limited SEC Filing
This Schedule 13G/A reports that Shangzhao (Cizar) Hong and two BVI entities he controls collectively beneficially own the vast majority of Class A ordinary shares of Creative Global Technology Holdings Ltd. Mr. Hong is shown with beneficial ownership of 17,826,013 shares, representing 83.15% of the Class A ordinary shares. That total is composed of 8,500,000 Class A shares and 8,500,000 Class B shares held by HSZ Holdings Limited and 826,013 Class A shares held by CHSZ Holdings Limited, each entity controlled by Mr. Hong.
The filing also shows HSZ Holdings Limited directly holds 17,000,000 shares (79.30%) and CHSZ Holdings Limited holds 826,013 shares (3.85%), with sole voting and dispositive power reported and no shared voting or dispositive power disclosed. The percentage calculations reference 21,437,500 total outstanding ordinary shares as reported in the issuer's annual report.
- Clear disclosure of beneficial ownership with precise share counts: 17,826,013 beneficial shares disclosed
- Majority control quantified: reporting person and affiliates represent 83.15% of the Class A ordinary shares
- Sole voting and dispositive power is explicitly reported for the disclosed shares, providing transparency on control
- Highly concentrated ownership (83.15%) which may limit minority shareholders' influence over corporate decisions
- Low public float implied given 21,437,500 shares outstanding and majority held by affiliated entities, potentially reducing trading liquidity
Insights
TL;DR: One individual and affiliated entities control over 83% of Class A shares, concentrating voting power and economic exposure.
The filing documents that Shangzhao (Cizar) Hong, through HSZ Holdings Limited and CHSZ Holdings Limited, holds sole voting and dispositive power over 17,826,013 shares, equal to 83.15% of the class based on 21,437,500 shares outstanding. Such concentration means minority holders have limited ability to influence corporate decisions where only Class A vote holders are considered, and related-party holdings (HSZ: 17,000,000; CHSZ: 826,013) dominate the cap table for the reported class. This is a material governance fact for investors assessing control, related-party transactions, and board accountability.
TL;DR: Beneficial ownership disclosure clarifies ownership structure and voting control, a material fact for valuation and liquidity assessment.
The statement provides clear, quantifiable ownership metrics: total reported beneficial ownership of 17,826,013 shares (83.15%), comprised of HSZ Holdings' 17,000,000 shares (79.30%) and CHSZ Holdings' 826,013 shares (3.85%). All reported shares are under sole voting and dispositive power with no shared power declared. For analysts, these figures matter for free-float estimates, potential minority liquidity, and understanding who can effect corporate actions requiring shareholder approval. The filing references the issuer's reported 21,437,500 outstanding shares used to compute percentages.