Linkage Global (LGCB) Investor Holds 1M Shares, 15.2% Ownership Filed

Rhea-AI Filing Summary

Schedule 13G filing highlights for Linkage Global Inc. (LGCB):

• Reporting person: Shubiao Shi, a citizen of the People’s Republic of China.
• Event date: 06 June 2025; filing signed 07 July 2025.
• Security class: Class A Ordinary Shares, par value US $0.0025 per share (CUSIP G5500B128).
• Ownership disclosed: 1,000,000 shares held solely with both voting and dispositive power.
• Percent of class: 15.2 % of the 6,580,022 Class A shares outstanding as of 09 June 2025.
• Filing status: Schedule 13G indicates a passive investment; the certifying language states the shares were not acquired to change or influence issuer control.
• Addresses: Issuer HQ in Tokyo, Japan; reporting person’s business address in the British Virgin Islands.

Holding 15 % of the float positions Shubiao Shi as a significant beneficial owner, requiring public disclosure once the 5 % threshold was crossed. No additional transactions, purchase prices, or strategic intentions are provided beyond the ownership certification typical for a 13G.

Positive

• Significant 15.2 % stake suggests investor confidence and provides clearer visibility into LGCB’s shareholder base.

Negative

• Ownership concentration in a single holder could heighten share-price volatility if the investor later reduces or liquidates the position.

Insights

Equity Analyst

TL;DR – A 15.2 % passive stake signals meaningful ownership but no stated intent to influence control.

The filing confirms that Shubiao Shi controls 1 million Class A shares of LGCB, representing 15.2 % of the outstanding class. Because the form is a Schedule 13G—not 13D—the investor certifies the position is held passively. For shareholders, the disclosure clarifies the cap-table: a single individual now owns more than triple the 5 % threshold and must continue reporting changes. Although no purchase rationale is given, such a sizeable stake can reduce free-float liquidity and may lend implicit confidence in the issuer. Conversely, concentration risk grows; any future disposal by the holder could pressure the share price. Absent further details on strategic intent, the market impact is likely moderate and informational.

Corporate Governance Specialist

TL;DR – Governance impact minimal; disclosure meets regulatory requirements.

Schedule 13G filings are designed for passive owners, so board influence, voting coalitions, or activism are not indicated here. The signer explicitly certifies no intent to alter control. From a governance standpoint, the issuer gains transparency without any immediate need for defensive measures. Should the holder exceed 20 % or shift to activist posture, conversion to Schedule 13D would be required, but today’s filing is purely compliancy driven. Overall governance risk is unchanged.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

LINKAGE GLOBAL INC

(Name of Issuer)

Class A Ordinary Share, par value $0.0025 per share

(Title of Class of Securities)

G5500B128

(CUSIP Number)

06/06/2025

(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. G5500B128

1

Names of Reporting Persons

Shubiao Shi

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 1,000,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,000,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,000,000.00

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)

15.2 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: (1) Consists of 1,000,000.00 shares of Class A Ordinary Shares held of record by Shubiao Shi. (2) Based on the quotient obtained by dividing (a) the number of shares of Class A Ordinary Shares beneficially owned by the Reporting Person as set forth in Row 9 by (b) the total of 6,580,022 shares of Class A Ordinary Shares outstanding as of June 9, 2025 as reported by the Issuer to the Reporting Person.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: LINKAGE GLOBAL INC
(b)	Address of issuer's principal executive offices: 2-23-3 Minami-Ikebukuro, Toshima-ku, Tokyo, M0 171-0022
Item 2.
(a)	Name of person filing: This statement is filed by Shubiao Shi, who is referred to herein as "Reporting Person," with respect to Class A Ordinary Share of LINKAGE GLOBAL INC (the "Company"), par value $0.0025 per share (the "Shares").
(b)	Address or principal business office or, if none, residence: Mandar House, 3rd floor P.O. Box 2196 Johnson's Ghut Tortola VG1110 VIRGIN ISLANDS, BRITISH
(c)	Citizenship: People's Republic of China
(d)	Title of class of securities: Class A Ordinary Share, par value $0.0025 per share
(e)	CUSIP No.: G5500B128
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The Reporting Person beneficially owns 1,000,000 Class A Ordinary Shares.
(b)	Percent of class: 15.2% The aggregate number and percentage of Class A Ordinary Shares beneficially or directly owned by the Reporting Person is based upon a total of 6,580,022 Class A Ordinary Shares outstanding as of June 9, 2025. The Reporting Person beneficially owns 1,000,000 Class A Ordinary Shares, representing approximately 15.2% of issued and outstanding Class A Ordinary Shares.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by this Item 4(c)(i) is set forth in Row 5 of the cover page for the Reporting Person hereto and is incorporated herein by reference for such Reporting Person.
	(ii) Shared power to vote or to direct the vote: The information required by this Item 4(c)(ii) is set forth in Row 6 of the cover page for the Reporting Person hereto and is incorporated herein by reference for such Reporting Person.
	(iii) Sole power to dispose or to direct the disposition of: The information required by this Item 4(c)(iii) is set forth in Row 7 of the cover page for the Reporting Person hereto and is incorporated herein by reference for such Reporting Person.
	(iv) Shared power to dispose or to direct the disposition of: The information required by this Item 4(c)(iv) is set forth in Row 8 of the cover page for the Reporting Person hereto and is incorporated herein by reference for such 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:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

Shubiao Shi

Signature:	/s/ Shubiao Shi
Name/Title:	Shubiao Shi
Date:	07/07/2025

FAQ

How many LGCB Class A shares does Shubiao Shi own?

The filing reports 1,000,000 Class A Ordinary Shares under sole ownership.

What percentage of Linkage Global’s Class A shares does this represent?

The position equals 15.2 % of the 6,580,022 Class A shares outstanding as of 09 June 2025.

Is the stake considered passive or activist?

Filed on Schedule 13G, the stake is certified as passive with no intent to influence control.

Does the filing disclose purchase price or transaction details?

No. Schedule 13G only provides ownership totals and voting/dispositive powers, not purchase price data.

Will Shubiao Shi need to file updates?

Yes. Any material change (≥ 1 %) in ownership requires an amended Schedule 13G within 45 days after calendar year-end, or promptly if reaching ≥ 10 % and then 5 % moves thereafter.