SCHEDULE: Eastern International Ltd. Ownership Update

Albert Wong and Eastern Worldwide Logistics Group Inc. jointly report beneficial ownership of 39.9% of Eastern International Ltd. ordinary shares.

Summary

• Albert Wong and Eastern Worldwide Logistics Group Inc. have jointly filed a Schedule 13D, reporting their beneficial ownership of Eastern International Ltd. securities.
• Albert Wong directly owns 1,000,000 preferred shares, each convertible into one ordinary share and carrying 10 votes.
• Eastern Worldwide Logistics Group Inc., in which Albert Wong is a 70% shareholder and director, owns 4,266,000 ordinary shares.
• Albert Wong was granted a stock award of 180,000 ordinary shares on March 31, 2026, which vested immediately.
• The total beneficial ownership reported by Albert Wong, considering his direct holdings, his interest in Eastern Worldwide Logistics Group Inc., and the stock award, amounts to approximately 39.9% of the outstanding ordinary shares.
• This percentage is calculated based on 12,457,000 ordinary shares outstanding as of April 1, 2026, and assumes the conversion of 1,000,000 preferred shares into ordinary shares within 60 days.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily reporting existing and recently awarded ownership stakes without indicating new strategic actions or financial performance.

Positives

• Albert Wong, CEO and Chairman, has received an immediate vesting stock award of 180,000 ordinary shares.
• Significant beneficial ownership of 39.9% by key management (Albert Wong) and an affiliated entity (Eastern Worldwide Logistics Group Inc.) indicates strong alignment and control.

Risks

• The calculation of ownership percentage is contingent on the conversion of preferred shares into ordinary shares within 60 days, introducing a degree of uncertainty if conversion does not occur.
• The filing does not detail the purpose of the transaction or any future plans, leaving potential strategic intentions open to speculation.

Future Outlook

The filing does not contain specific forward-looking statements or guidance. The ownership calculation is based on a potential conversion of preferred shares within 60 days, which implies a future event that could alter the share structure.

Management Comments

• Mr. Albert Wong, Chairman of the Board and Chief Executive Officer of the Issuer, is a 70% shareholder and director of Eastern Worldwide Logistics Group Inc. a Samoa company, which owns 4,266,000 ordinary shares of the Company.
• Mr. Albert Wong was granted stock award of 180,000 ordinary shares of the Company on March 31, 2026.
• Mr. Albert Wong also owns all of the 1,000,000 outstanding preferred shares of the Issuer. Each preferred share has 10 votes at general meetings of the shareholders of the Issuer and each preferred share is convertible into one Ordinary Share at any time at the option of the holder.

Industry Context

StockSavvy.ai notes that Schedule 13D filings are critical for understanding significant changes in beneficial ownership, often signaling potential shifts in corporate control or strategic direction. This filing by key management and an affiliated entity highlights a substantial ownership stake in Eastern International Ltd.

Related Party Transactions

• Albert Wong, as CEO and Chairman, is a 70% shareholder and director of Eastern Worldwide Logistics Group Inc., which owns 4,266,000 ordinary shares of Eastern International Ltd.

Stakeholder Impact

• Shareholders may see this as a consolidation of control by key management, potentially leading to more decisive strategic execution.
• Minority shareholders might be concerned about the significant voting power held by Albert Wong and Eastern Worldwide Logistics Group Inc.

Next Steps

• The conversion of 1,000,000 preferred shares to 1,000,000 ordinary shares may occur within 60 days from the filing date.

Key Dates

Keywords

Schedule 13D, Beneficial Ownership, Eastern International Ltd., Albert Wong, Eastern Worldwide Logistics Group Inc., Ordinary Shares, Preferred Shares, Stock Award, SEC Filing, Corporate Control