SHENGFENG DEVELOPMENT Ltd filing amends a previously reported Schedule 13G to show Mid-Castle Development Limited and Qing Lin beneficially own 912,636 Class A Ordinary Shares, representing 2.2% of the Class A shares. The filing states the share count is calculated using 40,617,513 Class A Ordinary Shares outstanding as of February 19, 2026.
The cover shows shared voting and dispositive power of 912,636 shares held through Mid-Castle Development Limited, which the filing says is 100% owned by Qing Lin.
Positive
None.
Negative
None.
Insights
Minor passive stake reported: 912,636 shares (2.2%).
The filing records 912,636 Class A Ordinary Shares held by Mid-Castle Development Limited, with shared voting and dispositive power attributed to Mid-Castle and to Qing Lin through that entity. The percentage is calculated using 40,617,513 shares outstanding as of February 19, 2026.
Ownership is below the 5% threshold; the filing is consistent with a passive reporting position. Subsequent disclosures would show any change in holdings or voting power.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
SHENGFENG DEVELOPMENT Ltd
(Name of Issuer)
Class A Ordinary Shares, par value $0.0001 per share
(Title of Class of Securities)
G8117B101
(CUSIP Number)
11/05/2025
(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
Mid-Castle Development 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
912,636.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
912,636.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
912,636.00
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)
2.2 %
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
Qing Lin
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
912,636.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
912,636.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
912,636.00
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)
2.2 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Line 6 represents 912,636 Class A Ordinary Shares held through Mid-Castle Development Limited, which is 100% owned by Qing Lin, 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 Ltd
(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) Mid-Castle Development Limited
(ii) Qing Lin
(b)
Address or principal business office or, if none, residence:
(i) Mid-Castle Development Limited
4th Floor, Water's Edge Building, Meridian Plaza, Road Town, Tortola, VG1110, British Virgin Islands
(ii) Qing Lin
4th Floor, Water's Edge Building, Meridian Plaza, Road Town, Tortola, VG1110, British Virgin Islands
(c)
Citizenship:
(i) Mid-Castle Development Limited
British Virgin Islands
(ii) Qing Lin
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.
Ownership of 5 percent or less of a class
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.
What stake does Mid-Castle Development hold in SHENGFENG DEVELOPMENT (SFWL)?
Mid-Castle Development Limited beneficially owns 912,636 Class A Ordinary Shares, representing 2.2% of the Class A shares based on 40,617,513 shares outstanding as of February 19, 2026.
How is Qing Lin's ownership reported in the Schedule 13G/A?
Qing Lin is reported as beneficial owner through Mid-Castle Development Limited, which the filing states is 100% owned by Qing Lin, and is attributed the same 912,636 shares and 2.2% stake.
What voting and dispositive powers are disclosed for the shares?
The filing shows shared voting power of 912,636 shares and shared dispositive power of 912,636, with no sole voting or dispositive power listed for the reporting persons.
Is this ownership above the 5% reporting threshold?
No. The filing explicitly lists the position under the Schedule 13G category "Ownership of 5 Percent or Less of a Class," with the disclosed stake at 2.2% of Class A shares as of February 19, 2026.
What source does the filing use for the shares outstanding figure?
The filing states the issuer provided the figure of 40,617,513 Class A Ordinary Shares outstanding to the reporting persons on February 19, 2026, and the percentage calculation is based on that number.
