SCHEDULE 13G: Sihai Ban and Qingyue Limited Disclose 10.9% Beneficial Ownership in BGM Group Ltd.

Sihai Ban and his wholly-owned entity, Qingyue Limited, have disclosed a beneficial ownership of 10.9% in BGM Group Ltd.'s Class A Ordinary Shares, totaling 20,000,000 shares.

Summary

• Sihai Ban, a citizen of China, and Qingyue Limited, a British Virgin Islands company wholly owned by Mr. Ban, have jointly filed a Schedule 13G.
• The filing reports beneficial ownership of 20,000,000 Class A Ordinary Shares of BGM Group Ltd.
• This ownership represents 10.9% of the total ordinary shares outstanding, calculated based on 183,959,931 ordinary shares (163,959,931 Class A and 20,000,000 Class B) as of May 23, 2025.
• Both Sihai Ban and Qingyue Limited hold sole voting power and sole dispositive power over these 20,000,000 shares.
• Despite the 10.9% beneficial ownership, their aggregate voting power is stated as 0.9% due to the differential voting rights of Class A (1 vote) and Class B (100 votes) ordinary shares.
• The securities were not acquired and are not held for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment. It is a neutral regulatory filing.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of significant beneficial ownership, common in the financial industry. It indicates a substantial stake held by an individual and their associated entity in a publicly traded company. The low voting power relative to ownership percentage suggests a dual-class share structure, which is a common feature in some companies, particularly those with founder control mechanisms.

Stakeholder Impact

• Shareholders: The disclosure of a significant 10.9% stake by a single beneficial owner (Sihai Ban) could be viewed as a sign of confidence or, conversely, raise questions about potential future influence or liquidity if the shares were to be sold. The low voting power (0.9%) relative to ownership indicates limited direct control influence despite the large stake, which might reassure other shareholders regarding governance stability.

Key Dates

Keywords

BGM Group Ltd., Sihai Ban, Qingyue Limited, Beneficial Ownership, Schedule 13G, Class A Ordinary Shares, Shareholding, SEC Filing, Investment, Corporate Governance