Global Engine Group (GLE) CEO details indirect and proxy share control in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Global Engine Group Holding Ltd director and CEO Lee Yat Lung Andrew filed an initial ownership report showing only existing positions, with no new share purchases or sales. He is deemed to control 2,320,000 Class A and 4,640,000 Class B ordinary shares held by Valuable Fortune Limited, a BVI company he solely owns and directs. He also has voting power, but not dispositive power, over 3,520,000 additional Class A shares under a proxy agreement lasting until March 13, 2027, and disclaims beneficial ownership of those proxy shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Lee Yat Lung Andrew
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class B ordinary shares | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class A ordinary shares — 2,320,000 shares (Indirect, By Valuable Fortune Limited);
Class B ordinary shares — 4,640,000 shares (Indirect, By Valuable Fortune Limited)
Footnotes (1)
- Valuable Fortune Limited, a BVI company ("Valuable Fortune"), is the record holder of the 2,320,000 Class A ordinary shares reported herein. The Reporting Person is the sole owner and director of Valuable Fortune and is deemed to hold sole voting and dispositive power over the Class A ordinary shares held by Valuable Fortune. Valuable Fortune is the record holder of the 4,640,000 Class B ordinary shares reported herein. The Reporting Person is the sole owner and director of Valuable Fortune and is deemed to hold sole voting and dispositive power over the Class B ordinary shares held by Valuable Fortune. Represents 3,520,000 Class A ordinary shares owned by three shareholders of the Issuer pursuant to a proxy agreement dated March 13, 2025 (the "Proxy Agreement"), under which the Reporting Person exercises voting power over such shares. The Proxy Agreement is irrevocable for any reason other than for cause until March 13, 2027. The Reporting Person does not have dispositive power over these shares and disclaims beneficial ownership of such shares.
Key Figures
Class A shares via proxy: 3,520,000 shares
Class A shares via Valuable Fortune: 2,320,000 shares
Class B shares via Valuable Fortune: 4,640,000 shares
+1 more
4 metrics
Class A shares via proxy
3,520,000 shares
Voting power under proxy agreement until March 13, 2027
Class A shares via Valuable Fortune
2,320,000 shares
Class A ordinary shares held by Valuable Fortune Limited
Class B shares via Valuable Fortune
4,640,000 shares
Class B ordinary shares held by Valuable Fortune Limited
Proxy agreement term end
March 13, 2027
Proxy agreement on 3,520,000 Class A shares remains irrevocable until this date, except for cause
Key Terms
Class A ordinary shares, Class B ordinary shares, proxy agreement, beneficial ownership, +1 more
5 terms
proxy agreement financial
"Represents 3,520,000 Class A ordinary shares owned by three shareholders of the Issuer pursuant to a proxy agreement dated March 13, 2025."
beneficial ownership financial
"The Reporting Person does not have dispositive power over these shares and disclaims beneficial ownership of such shares."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
dispositive power financial
"The Reporting Person does not have dispositive power over these shares and disclaims beneficial ownership of such shares."
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 the Form 3 for Global Engine Group (GLE) show about Andrew Lee's holdings?
The Form 3 shows that CEO and director Lee Yat Lung Andrew reports only existing holdings, with no new trades. He is associated with Class A and Class B ordinary shares held via Valuable Fortune Limited, plus voting power over additional shares through a proxy agreement.
Does the Global Engine Group (GLE) Form 3 report any insider buying or selling?
The Form 3 does not report any insider buying or selling activity. It is an initial ownership filing listing existing indirect holdings and voting arrangements, including shares held by Valuable Fortune Limited and shares subject to a proxy agreement where only voting power is granted.