Global Engine Group (GLE) CFO lists 960,000 indirect shares under proxy control
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Global Engine Group Holding Ltd director and CFO Sung Pui Hei has filed an initial ownership report on Form 3. The filing shows indirect beneficial ownership of 960,000 Class A ordinary shares held through Cosmic Solution Group Limited, a BVI company fully owned and directed by the reporting person.
While Sung Pui Hei retains economic ownership of these shares, all voting rights over them are exercised by Chief Executive Officer Andrew Lee Yat Lung under a proxy agreement effective until March 13, 2027. As a result, the reporting person’s total voting power percentage is 0.0% while this proxy agreement remains in effect.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sung Pui Hei
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class A ordinary shares — 960,000 shares (Indirect, By Cosmic Solution Group Limited)
Footnotes (1)
- Cosmic Solution Group Limited, a BVI company, is the record holder of the 960,000 Class A ordinary shares reported herein. The Reporting Person is the sole owner and a director of Cosmic Solution Group Limited and is deemed to hold sole voting and dispositive power over the shares held by Cosmic Solution Group Limited. While the Reporting Person retains economic ownership of their Class A ordinary shares, the Reporting Person's voting rights are exercised by Mr. Andrew, LEE Yat Lung, Chief Executive Officer of the Issuer, pursuant to a March 13, 2025 proxy agreement (the "Proxy Agreement"). The Proxy Agreement is irrevocable for any reason other than for cause until March 13, 2027. Accordingly, the Reporting Person's total voting power percentage is 0.0% as of the date of hereof, while the Proxy Agreement remains in effect.
Key Figures
Indirectly owned shares: 960,000 Class A ordinary shares
Voting power: 0.0%
Proxy agreement start date: March 13, 2025
+1 more
4 metrics
Indirectly owned shares
960,000 Class A ordinary shares
Indirect beneficial ownership via Cosmic Solution Group Limited
Voting power
0.0%
Total voting power while proxy agreement remains in effect
Proxy agreement start date
March 13, 2025
Date proxy assigning voting rights to CEO became effective
Proxy agreement end date
March 13, 2027
Proxy irrevocable until this date except for cause
Key Terms
Class A ordinary shares, proxy agreement, voting power percentage, dispositive power
4 terms
proxy agreement regulatory
"voting rights are exercised by Mr. Andrew, LEE Yat Lung, Chief Executive Officer of the Issuer, pursuant to a March 13, 2025 proxy agreement"
voting power percentage financial
"Accordingly, the Reporting Person's total voting power percentage is 0.0% as of the date of hereof, while the Proxy Agreement remains in effect."
dispositive power financial
"is deemed to hold sole voting and dispositive power over the shares held by Cosmic Solution Group Limited."
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
FAQ
What does Global Engine Group (GLE) CFO Sung Pui Hei report on this Form 3?
The Form 3 reports indirect beneficial ownership of 960,000 Class A ordinary shares. These shares are held through Cosmic Solution Group Limited, a BVI company owned and directed by Sung Pui Hei, reflecting the CFO’s economic stake in Global Engine Group.