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To Ma becomes controlling shareholder of SAIHEAT Ltd (SAIH) after US$1M deal

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

SAIHEAT Ltd received an updated ownership filing showing a change in control. Peng Zhang agreed on June 5, 2026 to transfer his one ordinary share of Energy Science Artist Holding Limited, representing 100% of Energy Science, to Longwin Global Limited for US$1,000,000.

This transaction makes To Ma, the sole shareholder of Longwin Global, the sole controlling shareholder of SAIHEAT, with 84.36% voting power. Through Energy Science and Longwin Global, the reporting persons beneficially own 642,043 Class B ordinary shares, representing 100% of the Class B ordinary shares, out of 1,190,317 Class A and 642,043 Class B shares outstanding.

Positive

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Negative

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Insights

Filing discloses a control shift at SAIHEAT via a US$1M share transfer.

The amendment reports that Peng Zhang sold his entire stake in Energy Science Artist Holding Limited to Longwin Global Limited for US$1,000,000. Because Energy Science holds SAIHEAT’s Class B ordinary shares, this upstream transfer effectively moves control of SAIHEAT.

Following the transaction, To Ma, as sole shareholder of Longwin Global and controller of Energy Science, holds 84.36% voting power and 642,043 Class B shares, which is 100% of that class. The filing notes no specific current plans for corporate actions, though the reporting persons may review or change their positions over time.

Transaction consideration US$1,000,000 Paid by Longwin Global to acquire 100% of Energy Science on June 5, 2026
Class B shares beneficially owned 642,043 shares Class B ordinary shares held via Energy Science Artist Holding Limited
Percent of Class B owned 100% Portion of outstanding Class B ordinary shares represented by 642,043 shares
Voting power 84.36% Voting power in SAIHEAT Ltd attributed to To Ma after the transaction
Class A shares outstanding 1,190,317 shares Class A ordinary shares outstanding used in percentage calculations
Class B shares outstanding 642,043 shares Class B ordinary shares outstanding used in percentage calculations
Class B ordinary shares financial
"642,043 Class B ordinary shares currently outstanding."
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 642,043.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
change in control financial
"The consummation of the Transaction resulted in a change in control of the Issuer"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
voting power financial
"To Ma becoming the sole controlling shareholder of the Issuer, holding 84.36% voting power in the Issuer."
Voting power is the ability shareholders have to influence a company's major decisions—like electing the board, approving mergers, or changing corporate rules—based on the voting rights attached to the shares they hold. For investors it matters because greater voting power is like holding more keys to a building: it gives you a stronger say over management choices and the company’s strategy, which can affect future value and risk.
joint filing agreement regulatory
"Exhibit 99.1 Joint Filing Agreement dated June 5, 2026, by and among the Reporting Persons"
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
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FAQ

What ownership change does the SAIH Schedule 13D/A disclose?

The filing discloses that Peng Zhang transferred his entire interest in Energy Science Artist Holding Limited to Longwin Global for US$1,000,000. This upstream transfer results in To Ma becoming SAIHEAT Ltd’s sole controlling shareholder through Energy Science and Longwin Global.

How much voting power does To Ma hold in SAIHEAT Ltd (SAIH)?

After the reported transaction, To Ma holds 84.36% voting power in SAIHEAT Ltd. This control arises through 100% ownership of Longwin Global and Energy Science, which together hold all of SAIHEAT’s outstanding Class B ordinary shares.

How many SAIHEAT Class B shares are beneficially owned by the reporting persons?

The reporting persons beneficially own 642,043 Class B ordinary shares. The filing states this represents 100% of the outstanding Class B ordinary shares, giving the group significant influence over shareholder voting matters at SAIHEAT Ltd.

What consideration was paid in the SAIHEAT control transaction?

Peng Zhang agreed to transfer his one ordinary share of Energy Science, representing all its issued capital, to Longwin Global for US$1,000,000. That payment reflects the consideration for the upstream holding company stake that controls SAIHEAT’s Class B shares.

What are the total SAIHEAT shares outstanding by class in this filing?

The ownership percentages are based on 1,190,317 Class A ordinary shares and 642,043 Class B ordinary shares outstanding. The reporting persons’ 642,043 Class B shares equal all outstanding Class B shares, according to the disclosure.





G7852T145

(CUSIP Number)
To Ma
Vistra Corporate Services Centre, Suite, 23, 1st Floor, Eden Plaza, Eden Island
Mahe, T2, 00000
248 4325 600

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/05/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D




Comment for Type of Reporting Person:
For box 7, 9 and 11: Represents 642,043 Class B ordinary shares held by Energy Science Artist Holding Limited. For box 13: Represents 100% class B ordinary shares


SCHEDULE 13D


Energy Science Artist Holding Limited
Signature:/s/ To Ma
Name/Title:To Ma / Director
Date:06/05/2026
Longwin Global Limited
Signature:/s/ To Ma
Name/Title:To Ma / Director
Date:06/05/2026
To Ma
Signature:/s/ To Ma
Name/Title:To Ma
Date:06/05/2026