LakeShore Biopharma (LSB) director Shao Hui David discloses direct and indirect share stakes

Rhea-AI Filing Summary

LakeShore Biopharma Co., Ltd. director and President/CBO Shao Hui David filed an initial ownership report showing holdings of Ordinary Shares. He directly owns 133,360 Ordinary Shares and is also deemed to beneficially own 180,278 Ordinary Shares held indirectly through Mountainview Investment Holdings LLC, which he wholly controls as a director.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Shao Hui David

Role President and CBO

Type	Security	Shares	Price	Value
holding	Ordinary Shares	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 133,360 shares (Direct); Ordinary Shares — 180,278 shares (Indirect, See footnote)

Footnotes (1)

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Key Figures

Direct Ordinary Shares owned: 133,360 shares Indirect Ordinary Shares owned: 180,278 shares

2 metrics

Direct Ordinary Shares owned 133,360 shares Direct ownership reported by Shao Hui David

Indirect Ordinary Shares owned 180,278 shares Indirect holdings via Mountainview Investment Holdings LLC

Key Terms

Ordinary Shares, beneficial ownership, indirectly, limited liability company

4 terms

Ordinary Shares financial

"Represents 180,278 Ordinary Shares held indirectly through Mountainview Investment Holdings LLC"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

beneficial ownership financial

"therefore may be deemed to have beneficial ownership of the shares held by it"

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.

indirectly financial

"Represents 180,278 Ordinary Shares held indirectly through Mountainview Investment Holdings LLC"

limited liability company financial

"Mountainview Investment Holdings LLC, a Delaware limited liability company"

A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.

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Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Shao Hui David

(Last) (First) (Middle)

C/O BUILDING NO. 2

38 YONGDA ROAD, DAXING DISTRICT

(Street)

BEIJING

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
LakeShore Biopharma Co., Ltd. [ LSB ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CBO

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	133,360	D
Ordinary Shares	180,278	I	See footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents 180,278 Ordinary Shares held indirectly through Mountainview Investment Holdings LLC, a Delaware limited liability company. The Reporting Person serves as a director of, and wholly controls, this entity, and therefore may be deemed to have beneficial ownership of the shares held by it.

	/s/ Hui David Shao	04/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does LakeShore Biopharma (LSB) insider Shao Hui David report on this Form 3?

The Form 3 shows that Shao Hui David, a director and President/CBO of LakeShore Biopharma, reports initial ownership of Ordinary Shares, including direct holdings and additional shares held indirectly through an investment LLC he controls, establishing his beneficial ownership position in the company’s equity.

How many LakeShore Biopharma (LSB) shares does Shao Hui David hold directly and indirectly?

He holds 133,360 Ordinary Shares directly and 180,278 Ordinary Shares indirectly through Mountainview Investment Holdings LLC. Because he wholly controls this LLC as a director, he may be deemed to have beneficial ownership of the shares held by that entity under securities ownership rules.

What is Mountainview Investment Holdings LLC’s role in LakeShore Biopharma (LSB) ownership?

Mountainview Investment Holdings LLC holds 180,278 LakeShore Biopharma Ordinary Shares. Shao Hui David serves as a director of, and wholly controls, this Delaware limited liability company, so he may be deemed to beneficially own the shares that the LLC holds on his behalf.

Does this LakeShore Biopharma (LSB) Form 3 show any insider buying or selling?

The Form 3 functions as an initial ownership report and lists Shao Hui David’s direct and indirect Ordinary Share positions. It does not classify any transactions as open-market purchases or sales, focusing instead on disclosing his existing beneficial ownership stakes in the company.

Why is Shao Hui David’s indirect ownership in LakeShore Biopharma (LSB) important?

Indirect ownership via Mountainview Investment Holdings LLC indicates additional economic exposure beyond his direct holdings. Because he wholly controls the LLC, securities rules treat him as having beneficial ownership of those 180,278 shares, providing investors a fuller picture of his total equity interest in LakeShore Biopharma.