SCHEDULE 13G: COBO Petroleum Technology and Hongguang Li Disclose 9.1% Stake in Leishen Energy Holding Co., Ltd.

COBO Petroleum Technology Co., LTD and its controlling person, Hongguang Li, have disclosed a beneficial ownership of 9.1% in Leishen Energy Holding Co., Ltd., totaling 1,550,000 ordinary shares.

Summary

• COBO Petroleum Technology Co., LTD and Hongguang Li (collectively, "Reporting Persons") have filed a Schedule 13G indicating beneficial ownership of Leishen Energy Holding Co., Ltd.
• Each Reporting Person beneficially owns 1,550,000 ordinary shares of Leishen Energy Holding Co., Ltd., par value $0.001 per share.
• This ownership represents 9.1% of the total outstanding ordinary shares of Leishen Energy Holding Co., Ltd.
• The percentage of class is calculated based on a total of 17,025,000 ordinary shares of the Issuer issued and outstanding as of January 8, 2025.
• Hongguang Li is identified as a controlling person of COBO Petroleum Technology Co., LTD and holds sole voting and dispositive power over the 1,550,000 ordinary shares held by COBO Petroleum Technology Co., LTD.
• A voting rights proxy agreement and power of attorney, both dated August 10, 2023, were entered into with Polar Energy Company Limited, but these can be terminated and revoked respectively with an advance 30 days' written notice, allowing COBO and its shareholder to retain beneficial interest.

Sentiment

Score: 5

Explanation: The document is a factual regulatory filing disclosing beneficial ownership, thus it carries a neutral sentiment. It neither presents overwhelmingly positive nor negative operational or financial news.

Positives

• A significant shareholder, COBO Petroleum Technology Co., LTD, and its controlling person, Hongguang Li, have disclosed a substantial 9.1% stake, indicating a notable investment in Leishen Energy Holding Co., Ltd.
• The reporting persons retain sole voting and dispositive power over their shares, despite a proxy agreement, which can be terminated with 30 days' notice, ensuring their control over the shares.

Risks

• The voting rights proxy agreement and power of attorney with Polar Energy Company Limited, dated August 10, 2023, could be terminated with 30 days' written notice, potentially altering the voting dynamics or control structure related to these shares.

Future Outlook

The document is a disclosure of beneficial ownership and does not contain specific forward-looking statements or guidance regarding the company's future operations or financial performance.

Industry Context

This Schedule 13G filing indicates a significant ownership stake by a British Virgin Islands-based petroleum technology company and its controlling individual, a Chinese citizen, in Leishen Energy Holding Co., Ltd. Such disclosures are standard regulatory requirements for significant shareholders and provide transparency regarding the company's ownership structure within the broader energy sector.

Related Party Transactions

• Hongguang Li is a controlling person of COBO Petroleum Technology Co., LTD, and both are reporting persons for the same beneficial ownership, indicating a related party relationship in the ownership structure.

Stakeholder Impact

• Shareholders: The disclosure of a significant 9.1% stake by COBO Petroleum Technology Co., LTD and Hongguang Li provides transparency regarding the company's ownership structure, which can influence investor perception and potentially the stock's liquidity or control dynamics.

Key Dates

Keywords

Leishen Energy Holding Co. Ltd., COBO Petroleum Technology Co. LTD, Hongguang Li, Schedule 13G, Beneficial Ownership, Ordinary Shares, SEC Filing, Shareholder Disclosure, Investment, China, British Virgin Islands