Lianhe Sowell (LHSW) CEO’s entity buys 2.4M high-vote Class B shares at $0.165
Rhea-AI Filing Summary
Lianhe Sowell International Group Ltd CEO Zhu Yue, through Lianyue Holding Limited, reported an indirect acquisition of 2,400,000 Class B Ordinary Shares. These shares were purchased from the company under a share subscription agreement at $0.165 per share, with closing on June 30, 2026.
After this transaction, Lianyue Holding indirectly holds 2,550,000 Class B Ordinary Shares and 939,688 Class A Ordinary Shares. Each Class B share is convertible into one Class A share and carries 100 votes, while each Class A share carries 1 vote. The share counts reflect a 1-for-16 share consolidation effective June 22, 2026.
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Insights
CEO-controlled entity acquires high-vote Class B shares at $0.165 each.
The filing shows Lianyue Holding Limited, wholly owned by CEO Zhu Yue, acquiring 2.4 million Class B Ordinary Shares via a share subscription agreement at $0.165 per share, closing on June 30, 2026. This is classified as a grant/award or other acquisition, not an open-market purchase.
Following the transaction, Lianyue Holding indirectly holds 2,550,000 Class B and 939,688 Class A shares. Because each Class B share carries 100% of the voting power of 100 Class A shares and is convertible 1-for-1 into Class A, the structure concentrates voting control with the CEO’s entity. Actual impact on overall control depends on total shares outstanding, which is not detailed in this excerpt.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Ordinary Shares | 2,400,000 | $0.165 | $396K |
| holding | Class A Ordinary Shares | -- | -- | -- |
Footnotes (1)
- Class B Ordinary Shares are convertible into Class A Ordinary Shares at holders' option at any time on a one-to-one basis. Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstance. Each Class A Ordinary Share entitles to 1 vote and each Class B Ordinary Share entitles to 100 votes. The number of Class A Ordinary Shares and Class B Ordinary shares in this form reflected the 1-for-16 share consolidation, which was made effective on June 22, 2026. Lianyue Holding Limited ("Lianyue Holding") is a limited liability company incorporated under the British Virgin Islands laws and wholly-owned by Yue Zhu, who has the sole voting and dispositive power with respect to the shares owned by this entity. Lianyue Holding entered into certain share subscription agreement with the Issuer and its subsidiary Shenzhen Sowell Technology Development Co., Ltd, pursuant to which, Lianyue Holding purchased in aggregate of 2,400,000 Class B Ordinary Shares from the Issuer at a per share purchase price of $0.165. The transaction was closed on June 30, 2026