Shengfeng shows 7.0% stake held by Double Sun

Shengfeng Development Limited reports a 7.0% beneficial stake held by Double Sun Capital Limited and Yiping Wu.

Rhea-AI Filing Summary

Shengfeng Development Limited reports a 7.0% beneficial stake held by Double Sun Capital Limited and Yiping Wu. The filing amends a prior Schedule 13G/A and shows 2,846,011 Class A Ordinary Shares beneficially owned, based on 40,617,513 Class A Ordinary Shares outstanding as of February 19, 2026.

The disclosure states the shares are held through Double Sun Capital Limited (British Virgin Islands), which is 100% owned by Yiping Wu. Signatures show the filing was signed by Yiping Wu on 02/19/2026.

Insights

Corporate Governance Analyst

Schedules show a single beneficial owner structure with a 7.0% stake via a wholly owned vehicle.

The filing lists 2,846,011 Class A Ordinary Shares held through Double Sun Capital Limited, owned by Yiping Wu, with the class size given as 40,617,513 shares as of February 19, 2026. This identifies control attribution and voting/dispositive sharing rather than a transaction.

Disclosure is a standard update to ownership percentages; subsequent filings would show any changes if the holder trades or alters ownership structure.

Equity Ownership Specialist

Amendment clarifies beneficial ownership percentages and the reporting chain through an entity.

The cover data ties voting and dispositive power to shared power of 2,846,011 shares and attributes ownership to the family/holder structure. The issuer-provided outstanding share count anchors the 7.0% calculation.

For impact, the 7.0% stake is a notable ownership block but the filing contains no sale, purchase, or change-in-control language; future Schedule 13 filings would capture trading activity.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Double Sun Capital report in Shengfeng (SFWL)?

Double Sun Capital reports beneficial ownership of 2,846,011 Class A Ordinary Shares, representing 7.0% of the class as of February 19, 2026. The count uses an issuer-provided total of 40,617,513 shares outstanding on that date.

How is Yiping Wu connected to the reported shares?

The filing states the 2,846,011 shares are held through Double Sun Capital Limited, which the filing says is 100% owned by Yiping Wu. The disclosure attributes shared voting and dispositive power to that entity as of February 19, 2026.

Does this Schedule 13G/A show any purchases or sales?

No transaction activity is reported in the amendment; it updates ownership figures. The filing lists beneficial ownership and voting/dispositive powers and contains signatures dated 02/19/2026, but does not record a trade or sale.

What share count did Shengfeng provide for the percentage calculation?

The percentage is calculated using an issuer-provided total of 40,617,513 Class A Ordinary Shares outstanding as of February 19, 2026, which the filing cites in its explanatory comment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/19/2026 - 03:23 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Shengfeng Development Limited

(Name of Issuer)

Class A Ordinary Shares, par value $0.0001 per share

(Title of Class of Securities)

G8117B101

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G8117B101

1

Names of Reporting Persons

Double Sun Capital Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,846,011.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,846,011.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,846,011.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.0 %

12

Type of Reporting Person (See Instructions)

FI

Comment for Type of Reporting Person: Percentage of class is calculated based on 40,617,513 Class A Ordinary Shares outstanding as of February 19, 2026, which information was provided by the Issuer to the Reporting Persons on February 19, 2026.

SCHEDULE 13G

CUSIP No. G8117B101

1

Names of Reporting Persons

Yiping Wu

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CHINA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,846,011.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,846,011.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,846,011.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.0 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Line 6 represents 2,846,011 Class A Ordinary Shares held through Double Sun Capital Limited, which is 100% owned by Yiping Wu, as of February 19, 2026. Percentage of class is calculated based on 40,617,513 Class A Ordinary Shares outstanding as of February 19, 2026, which information was provided by the Issuer to the Reporting Persons on February 19, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Shengfeng Development Limited
(b)	Address of issuer's principal executive offices: Shengfeng Building, No. 478 Fuxin East Road, Jin'an District, Fuzhou City, Fujian Province, People's Republic of China, 350001
Item 2.
(a)	Name of person filing: (i) Double Sun Capital Limited (ii) Yiping Wu
(b)	Address or principal business office or, if none, residence: (i) Double Sun Capital Limited 4th Floor, Water's Edge Building, Meridian Plaza, Road Town, Tortola, VG1110, British Virgin Islands (ii) Yiping Wu 4th Floor, Water's Edge Building, Meridian Plaza, Road Town, Tortola, VG1110, British Virgin Islands
(c)	Citizenship: (i) Double Sun Capital Limited British Virgin Islands (ii) Yiping Wu China
(d)	Title of class of securities: Class A Ordinary Shares, par value $0.0001 per share
(e)	CUSIP No.: G8117B101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information requested in these paragraphs is incorporated herein by reference to the cover pages to this Schedule 13G.
(b)	Percent of class: The information requested in these paragraphs is incorporated herein by reference to the cover pages to this Schedule 13G.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information requested in these paragraphs is incorporated herein by reference to the cover pages to this Schedule 13G.
	(ii) Shared power to vote or to direct the vote: The information requested in these paragraphs is incorporated herein by reference to the cover pages to this Schedule 13G.
	(iii) Sole power to dispose or to direct the disposition of: The information requested in these paragraphs is incorporated herein by reference to the cover pages to this Schedule 13G.
	(iv) Shared power to dispose or to direct the disposition of: The information requested in these paragraphs is incorporated herein by reference to the cover pages to this Schedule 13G.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Double Sun Capital Limited

Signature:	/s/ Yiping Wu
Name/Title:	Yiping Wu/Director
Date:	02/19/2026

Yiping Wu

Signature:	/s/ Yiping Wu
Name/Title:	Yiping Wu
Date:	02/19/2026

Exhibit Information

99.1 Joint Filing Agreement