Leadership changes at Lakeside Holding (NASDAQ: LSH) add new COO and director

Rhea-AI Filing Summary

Lakeside Holding Limited reported leadership and board changes. The board accepted Lan Su’s resignation as Chairman and Chief Operating Officer, effective immediately, while he continues as general manager of subsidiary Hupan Pharmaceutical (Hubei) Co., Ltd. The board elected Yang Li as a director and appointed him Chief Operating Officer and Chairman of the Board, bringing prior CEO, technology, and investment experience.

The board also elected Xiaoou Li as a new independent director to fill a vacancy. She has more than nine years of financial industry experience and has been designated an audit committee financial expert. She will serve on the audit, compensation, and nominating and corporate governance committees. Following these changes, the board has five members, with a majority independent under Nasdaq rules. The company states that Mr. Su’s resignation is not due to any disagreement and that there are no related-party transactions involving the new directors requiring disclosure.

Insights

Corporate governance and equity analyst

Lakeside reshuffles top roles, adds an independent financial expert to its board.

Lakeside Holding Limited is transitioning operational and board leadership while maintaining continuity at a key subsidiary. Lan Su has stepped down as Chairman and Chief Operating Officer but remains general manager of Hupan Pharmaceutical (Hubei) Co., Ltd., which suggests the company is retaining his operational experience at the subsidiary level while refreshing leadership at the parent company.

Yang Li becomes both Chief Operating Officer and Chairman, combining management and board leadership. The filing highlights his prior CEO and technology roles and that his compensation will match other named executive officers as described in a prior proxy statement. The company notes no arrangements or related-party transactions tied to his appointment, which emphasizes standard governance processes.

The addition of Xiaoou Li as an independent director, designated as an audit committee financial expert, broadens financial expertise on the board. She will sit on the audit, compensation, and nominating and corporate governance committees, and the board is now majority independent under Nasdaq rules. Overall, these changes alter leadership structure and committee composition but are presented as orderly, with no disclosed disagreements, so the immediate investment impact appears neutral.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):

August 29, 2025

LAKESIDE HOLDING LIMITED

(Exact name of registrant as specified in its charter)

Nevada		001-42140		82-1978491
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1475 Thorndale Avenue, Suite A

Itasca, Illinois 60143

(Address of Principal Executive Offices and Zip Code)

(224) 446-9048

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common stock, par value US$0.0001 per share		LSH		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Resignation of Director

On August 29, 2025, the Board of Directors (the “Board”) of Lakeside Holding Limited (the “Company”) accepted Mr. Lan Su’s resignation as the Chairman of the Board of Directors (the “Board”) and the Chief Operating Officer of the Company, effective immediately (the “Effective Date”). Mr. Su continues to serve as the general manager of Hupan Pharmaceutical (Hubei) Co., Ltd., a subsidiary of the Company. Mr. Su’s resignation from the Board is not due to any disagreement with the Company on any matter relating to its operations, policies or practices.

Appointment of Officer and Director

On August 29, 2025, the Board elected Mr. Yang Li to serve as a director of the Board, beginning on the Effective Date. Mr. Yang Li will also serve as the Chief Operating Officer and the Chairman of the Board.

Mr. Yang Li, age 43, brings extensive leadership experience. Mr. Li served as Chief Executive Officer of Shanghai Nanchao Technology Inc. from 2014 to 2025, Managing Partner at Consensus Capital from 2017 to 2018, Chief Technology Officer of Dealuse Technology Inc. from 2010 to 2014, and began his career at TBA Digital Inc. from 2008 to 2010. Mr. Li holds a Bachelor of Arts in Computing Science from Simon Fraser University, and served as an Adjunct Lecturer at Fudan University’s Master of Science in Engineering program from 2016 to 2018.

Mr. Li’s compensation will be consistent with that of other named executive officers as previously disclosed in the Company’s Proxy Statement filed with the Securities and Exchange Commission on May 22, 2025. There is no arrangement or understanding between Mr. Li and any other person pursuant to which he was selected. The Company is not aware of any related-party transaction involving Mr. Li requiring disclosure under Item 404(a) of Regulation S-K,

Appointment of Director

On August 29, 2025, the Board elected Ms. Xiaoou Li to become a new independent director of the Board, effective immediately, to fill the vacancy created by Ms. Voung's resignation. In connection with the elections of Ms. Li and Mr. Li, the Board now consists of five members, composed of a majority of independent directors under the Nasdaq Marketplace Rules.

Ms. Xiaoou Li, age 39, brings more than nine years of experience in the financial industry. From 2015 to 2022, Ms. Li served as Account Manager of the Corporate Banking Department at China Citic Bank Corporation Ltd., focusing on corporate customer development, commercial financing product design, and other financing projects. Ms. Li earned a Master of Public Policy degree from the University of Bristol in 2013 and a Bachelor of Management in Land Resource Management from the Capital University of Economics and Business in 2010.

The Board has determined that Ms. Li is independent under the corporate governance requirements of Nasdaq, the Company’s Corporate Governance Principles, Rule 10A-3 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Rule 10C-1 of the Exchange Act. The Board has also determined that Ms. Li qualifies as an “audit committee financial expert” under Item 407(d)(5) of Regulation S-K and qualifies as a “Non-Employee Director” under Rule 16b-3 of the Exchange Act. Ms. Li will serve on the Audit Committee, Compensation Committee, and the Nominating and Corporate Governance Committee of the Board.

Ms. Li’s compensation will be consistent with that of other non-employee directors as previously disclosed in the Company’s Proxy Statement filed with the Securities and Exchange Commission on May 22, 2025. There are no arrangements or understandings between Ms. Li and any other person pursuant to which Ms. Li was selected as a director and there are no related party transactions between the Company and Ms. Li that would require disclosure under Item 404(a) of Regulation S-K.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: September 2, 2025

	Lakeside Holding Limited
	By:	/s/ Long Yi
		Long Yi
		Chief Financial Officer

2

FAQ

What leadership changes did Lakeside Holding Limited (LSH) disclose?

Lakeside Holding Limited reported that Lan Su resigned as Chairman of the Board and Chief Operating Officer, effective immediately. The board elected Yang Li as a director and appointed him as the new Chief Operating Officer and Chairman of the Board on the same effective date.

Did Lan Su leave Lakeside Holding Limited entirely?

No. Although Lan Su resigned as Chairman and Chief Operating Officer, he continues to serve as the general manager of Hupan Pharmaceutical (Hubei) Co., Ltd., which is a subsidiary of Lakeside Holding Limited.

Who is Yang Li and what roles will he hold at Lakeside Holding Limited (LSH)?

Yang Li, age 43, has prior experience as CEO of Shanghai Nanchao Technology Inc., Managing Partner at Consensus Capital, and CTO of Dealuse Technology Inc. He has been elected as a director and will serve as Chief Operating Officer and Chairman of the Board at Lakeside Holding Limited.

Who is the new independent director appointed to Lakeside Holding Limited’s board?

The board elected Ms. Xiaoou Li, age 39, as a new independent director. She has over nine years of financial industry experience, including work in corporate banking at China Citic Bank Corporation Ltd., and holds advanced degrees in public policy and management-related fields.

What board committees will Xiaoou Li serve on at Lakeside Holding Limited (LSH)?

Xiaoou Li will serve on the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee. The board has determined she is independent and qualifies as an audit committee financial expert.

Is Lakeside Holding Limited’s board now majority independent under Nasdaq rules?

Yes. After appointing Yang Li and Xiaoou Li, Lakeside Holding Limited’s board consists of five members and is composed of a majority of independent directors under Nasdaq Marketplace Rules.

Were any disagreements or related-party transactions disclosed in connection with these changes at Lakeside Holding Limited (LSH)?

The company states that Lan Su’s resignation is not due to any disagreement regarding operations, policies, or practices. It also reports no arrangements, understandings, or related-party transactions involving Yang Li or Xiaoou Li that require disclosure under Item 404(a) of Regulation S-K.