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Eastern International CEO holds 39.8% stake

CEO Albert Wong reports 39.8% beneficial ownership of ELOG and a new US$200,000 purchase of super‑voting Series B preferred shares.

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Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Eastern International Ltd. (ELOG) received an updated Schedule 13D/A reporting the ownership of Chief Executive Officer and Chairman Albert Wong and Eastern Worldwide Logistics Group Inc. Wong is deemed to beneficially own 5,546,000 ordinary shares, representing 39.8% of the ordinary shares on an as-converted basis.

Eastern Worldwide Logistics Group Inc., 70% owned and directed by Wong, holds 4,266,000 ordinary shares, or 33.2% of the ordinary shares outstanding. The update also records Wong’s purchase of 200,000 Series B Preferred Shares at US$1.00 per share for an aggregate US$200,000, each carrying 100 votes and convertible at two preferred shares for one ordinary share.

Positive

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Negative

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Filing Explained

Wong’s reported voting power is 34,446,000, while his 39.8% ownership measure assumes conversion of preferred shares within 60 days.

A Schedule 13D/A updates a holder’s reported ownership above 5%; this amendment reports Albert Wong’s ownership and voting position after the August 27, 2026 securities agreement.

The agreement provides for the issuer to issue and sell US$200,000 of Series B Preferred Shares to Wong, while the filing lists the 200,000 preferred shares among his holdings. Each share carries 100 votes and two shares can be converted into one ordinary share at the holder’s option.

Wong’s reported sole voting power is 34,446,000 votes; his 39.8% beneficial-ownership figure is based on 12,832,000 ordinary shares outstanding as of September 17, 2026, plus assumed conversion of 1,000,000 Series A and 200,000 Series B Preferred Shares within 60 days.

If the Series B shares are converted, they would produce 100,000 additional ordinary shares; issuing additional shares reduces an existing holder’s percentage ownership absent offsetting changes. The filing does not report that this conversion has occurred.

Beneficial ownership – Albert Wong 5,546,000 ordinary shares (39.8%) Based on 12,832,000 ordinary shares outstanding and assumed conversion of preferred shares within 60 days
Ownership – Eastern Worldwide Logistics Group Inc. 4,266,000 ordinary shares (33.2%) Calculated from 12,832,000 issued and outstanding ordinary shares as of September 17, 2026
Ordinary shares outstanding 12,832,000 ordinary shares Issued and outstanding as of September 17, 2026
Series A Preferred Shares held by Albert Wong 1,000,000 Series A Preferred Shares Each share has 10 votes and is convertible into one ordinary share
Series B Preferred Shares held by Albert Wong 200,000 Series B Preferred Shares Each share has 100 votes; every two convert into one ordinary share
Purchase price for Series B Preferred Shares US$200,000 200,000 Series B Preferred Shares at US$1.00 per share under the August 27, 2026 agreement
Stock award to Albert Wong 180,000 ordinary shares Stock award granted on March 31, 2026
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 5,546,000.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Series A Preferred Shares financial
"Mr. Albert Wong also owns all of the 1,000,000 outstanding Series A Preferred Shares"
Series A preferred shares are an early-stage class of ownership sold to investors that gives them special protections and payment priority over regular common stock. Think of them as a safer seat on a bus: if the company earns money or is sold, holders get paid before ordinary shareholders, and they often can convert to common shares later to share upside; that mix of safety and growth potential helps investors manage risk and reward.
Series B Preferred Shares financial
"will issue and sell 200,000 Series B Preferred Shares of the Issuer"
Series B preferred shares are a class of company stock issued during a later round of private financing that gives investors priority over common shareholders for payouts and protections if the company is sold or liquidated. Think of them as a VIP ticket that often includes a fixed claim on returns, possible regular payments, and the option to convert into regular shares; that mix of safety and upside helps investors assess risk and potential reward.
Securities Purchase Agreement regulatory
"entered into a Securities Purchase Agreement (the "Agreement") with Mr. Albert Wong"
A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.
sole voting power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: | 7 | Sole Voting Power"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of Eastern International Ltd. (ELOG) does Albert Wong report owning in this Schedule 13D/A?

Albert Wong reports beneficial ownership of approximately 39.8% of Eastern International Ltd.’s ordinary shares, based on 5,546,000 ordinary shares deemed beneficially owned and assuming conversion of his 1,000,000 Series A and 200,000 Series B Preferred Shares within 60 days.

How many Eastern International Ltd. (ELOG) ordinary shares does Eastern Worldwide Logistics Group Inc. hold?

Eastern Worldwide Logistics Group Inc. holds 4,266,000 ordinary shares of Eastern International Ltd., representing approximately 33.2% of the outstanding ordinary shares, calculated from 12,832,000 ordinary shares outstanding as of September 17, 2026.

What new securities did Albert Wong buy from Eastern International Ltd. (ELOG) and for how much?

On August 27, 2026, Albert Wong agreed to purchase 200,000 Series B Preferred Shares of Eastern International Ltd. at US$1.00 per share, for an aggregate purchase price of US$200,000, using his personal funds under a Securities Purchase Agreement.

What special voting rights do the Series A and Series B Preferred Shares of ELOG carry?

Each Series A Preferred Share has 10 votes and each Series B Preferred Share has 100 votes at general shareholder meetings of Eastern International Ltd., giving Albert Wong significant voting power through his preferred share holdings.

How are ELOG’s Series A and Series B Preferred Shares convertible into ordinary shares?

Each Series A Preferred Share is convertible into one ordinary share, and every two Series B Preferred Shares are convertible into one ordinary share of Eastern International Ltd., at any time at the option of the holder.

What is the total number of Eastern International Ltd. (ELOG) ordinary shares outstanding used in the ownership calculations?

The reported ownership percentages are calculated based on 12,832,000 issued and outstanding ordinary shares of Eastern International Ltd. as of September 17, 2026, as provided by the company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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G2907P107

(CUSIP Number)
Mr. Albert Wong
Suite 901, Building #2,, Xiaoshan Eco & Tech Dev. Zone
Zhejiang Province, F4, 311231
(86) -571-8235-6096

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/27/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) the percentage ownership interest in row 13 is determined based on (i) a total of 12,832,000 Ordinary Shares of the Issuer outstanding as of September 17, 2026 and (ii) if the holder converts 1,000,000 Series A Preferred Shares to 1,000,000 Ordinary Shares and converts 200,000 Series B Preferred Shares to 100,000 Ordinary Shares in 60 days; (2) Mr. Albert Wong, Chairman of the Board and Chief Executive Officer of the Issuer, is a 70% shareholder and director of Eastern Worldwide Logistics Group Inc. a Samoa company, which owns 4,266,000 Ordinary Shares of the Company. Mr. Albert Wong also personally owns 180,000 Ordinary Shares, 1,000,000 Series A Preferred Shares and 200,000 Series B Preferred Shares. Each Series A Preferred Share has 10 votes and each Series B Preferred Share has 100 votes at general meetings of the shareholders of the Issuer as reflected in row 7. Each Series A Preferred Share is convertible into one Ordinary Share and every two Series B Preferred Shares are convertible into one Ordinary Share of the Company at any time at the option of the holder.


SCHEDULE 13D




Comment for Type of Reporting Person:
Calculated based on a total of 12,832,000 issued and outstanding ordinary shares of the Issuer as of September 17, 2026, provided by the Issuer.


SCHEDULE 13D


Albert Wong
Signature:/s/ Albert Wong
Name/Title:Albert Wong
Date:09/18/2026
Eastern Worldwide Logistics Group Inc.
Signature:/s/ Albert Wong
Name/Title:Albert Wong, Director
Date:09/18/2026

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