SCHEDULE 13G/A: Leishen Energy Holding Co., Ltd. Reports Significant Beneficial Ownership Shift

A recent SEC filing reveals that WISE-POWER ENERGY SERVICES CO., LTD. and its controlling persons, Hongqi Li and Jin Wu, now directly hold 37.3% of Leishen Energy Holding Co., Ltd.'s ordinary shares following the termination of a prior voting rights proxy agreement.

Summary

• WISE-POWER ENERGY SERVICES CO., LTD., Hongqi Li, and Jin Wu are the reporting persons in this Schedule 13G filing for Leishen Energy Holding Co., Ltd.
• Each reporting person beneficially owns 6,355,000 Ordinary Shares of Leishen Energy Holding Co., Ltd.
• This ownership represents 37.3% of the total class of securities.
• The percentage is calculated based on 17,025,000 ordinary shares issued and outstanding as of February 14, 2025, as reported in the Issuer's Form 20-F.
• Hongqi Li and Jin Wu are controlling persons of WISE-POWER ENERGY SERVICES CO., LTD., each owning 50% of its issued shares.
• They have shared voting and dispositive power over the 6,355,000 Ordinary Shares held by WISE-POWER ENERGY SERVICES CO., LTD.
• A voting rights proxy agreement and power of attorney, previously granted to Polar Energy Company Limited on August 10, 2023, were terminated and revoked on June 13, 2025.
• Following this termination, WISE-POWER ENERGY SERVICES CO., LTD. and its shareholders are now entitled to all rights attaching to the 6,355,000 Ordinary Shares.

Sentiment

Score: 6

Explanation: The document is largely factual, reporting a change in beneficial ownership and control. The termination of the proxy agreement clarifies direct control, which can be seen as a positive for governance, but there are no explicit financial or operational performance indicators to suggest a strong positive or negative sentiment.

Positives

• The termination of the proxy agreement clarifies and consolidates direct control of 37.3% of Leishen Energy's shares under WISE-POWER ENERGY SERVICES CO., LTD. and its shareholders, Hongqi Li and Jin Wu, potentially simplifying governance and decision-making for this significant block.

Future Outlook

No forward-looking statements or guidance regarding future financial performance or strategic direction are provided in this beneficial ownership report.

Industry Context

This filing is a routine disclosure of a significant change in beneficial ownership and control structure for Leishen Energy Holding Co., Ltd. It does not provide information on broader industry trends or competitive landscape, but rather focuses on the internal ownership dynamics of the company.

Corporate Governance

Related Party Transactions

• The termination of the voting rights proxy agreement and power of attorney, dated June 13, 2025, involved WISE-POWER ENERGY SERVICES CO., LTD. and other entities (Polar Energy Company Limited, COBO Petroleum Technology Co., LTD, and Pacific Century Oil and Gas Technology Co., LTD). This represents a significant change in the control structure of shares previously subject to a related party agreement.

Stakeholder Impact

• Shareholders: The clarification of direct control over a significant block of shares (37.3%) by WISE-POWER ENERGY SERVICES CO., LTD. and its controlling persons (Hongqi Li and Jin Wu) provides greater transparency regarding the company's ownership structure and potential influence on corporate decisions.

Key Dates

Keywords

Leishen Energy Holding Co. Ltd., Beneficial Ownership, Schedule 13G, SEC Filing, Shareholding, Corporate Control, Voting Rights, WISE-POWER ENERGY SERVICES CO. LTD., Hongqi Li, Jin Wu, Proxy Agreement Termination