Lianhe Sowell International Group (LHSW) insiders align voting via pact
Rhea-AI Filing Summary
Lianhe Sowell International Group Ltd reported that two key shareholders, Patton Holding Group Limited and Lianyue Holding Limited, entered into an acting-in-concert agreement on September 9, 2025. Patton Holding is controlled by Chairman and director Dengyao Jia, while Lianyue Holding is controlled by CEO and director Yue Zhu.
Under this agreement, the two entities will coordinate their votes on shareholder matters relating to the financial, operational and management affairs of the company and its subsidiaries. If they cannot reach consensus, Lianyue Holding will, with limited exceptions, follow the voting direction of Patton Holding, and Patton Holding is delegated authority to vote on behalf of Lianyue Holding. This arrangement will continue until it is terminated in writing or Patton Holding ceases to be a shareholder.
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Insights
Chairman and CEO affiliates coordinate voting control via acting-in-concert pact.
The agreement aligns the voting behavior of two major shareholders controlled by the chairman and the CEO. They commit to vote together on shareholder matters involving financial, operational and management issues of the company and its subsidiaries once they reach consensus.
If no consensus is reached, Lianyue Holding generally follows Patton Holding’s voting instructions, and Patton Holding is authorized to vote on Lianyue’s behalf. This structure concentrates practical voting power with the entity linked to the chairman, though its duration is limited to the period before written termination or Patton Holding’s exit as a shareholder.