SCHEDULE 13G/A: Leishen Energy Holding: COBO Petroleum and Hongguang Li Reaffirm 9.1% Beneficial Ownership After Proxy Agreement Termination
Beneficial Ownership Statement
COBO Petroleum Technology Co., LTD. and Hongguang Li have reaffirmed their beneficial ownership of 9.1% of Leishen Energy Holding Co., Ltd.'s Ordinary Shares following the termination of a prior voting rights proxy agreement.
Summary
- COBO Petroleum Technology Co., LTD. and Hongguang Li collectively beneficially own 1,550,000 Ordinary Shares of Leishen Energy Holding Co., Ltd.
- This ownership represents 9.1% of the Issuer's total outstanding ordinary shares, calculated based on 17,025,000 shares as of February 14, 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 shares held by COBO.
- A voting rights proxy agreement and power of attorney, both dated August 10, 2023, with Polar Energy Company Limited and WISE-POWER ENERGY SERVICES CO., LTD. were terminated and revoked on June 13, 2025.
- Following the termination, COBO Petroleum Technology Co., LTD. and its shareholder are now entitled to all rights attached to the 1,550,000 Ordinary Shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and a change in control mechanism, not directly indicating positive or negative operational or financial performance for the issuer. It clarifies the control structure for the reporting persons.
Positives
- The termination of the voting rights proxy agreement and power of attorney allows COBO Petroleum Technology Co., LTD. and its controlling person, Hongguang Li, to regain full control and all rights associated with their 1,550,000 Ordinary Shares.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Termination of Proxy Agreement | The voting rights proxy agreement and power of attorney granted to Polar Energy Company Limited and WISE-POWER ENERGY SERVICES CO., LTD. were terminated, restoring full voting and dispositive rights to COBO Petroleum Technology Co., LTD. and Hongguang Li. | 2025-06-13 | This change consolidates direct control over the 9.1% stake with COBO Petroleum Technology Co., LTD. and its controlling person, Hongguang Li, simplifying the governance structure related to these shares. |
Related Party Transactions
- Hongguang Li is identified as a controlling person of COBO Petroleum Technology Co., LTD., indicating a related party relationship where Mr. Li exercises control over the shares held by COBO.
Stakeholder Impact
- Shareholders: Provides clarity on the beneficial ownership and control structure of a significant block of shares, confirming that COBO Petroleum Technology Co., LTD. and Hongguang Li directly control their 9.1% stake.
Key Dates
| Date | Description |
|---|---|
| 2023-08-10 | Original date of the voting rights proxy agreement and power of attorney with Polar Energy Company Limited. |
| 2025-02-14 | Date as of which the total outstanding ordinary shares (17,025,000) were reported in the Issuer's annual report on Form 20-F. |
| 2025-06-13 | Date of event requiring filing of this statement; termination and revocation of the voting rights proxy agreement and power of attorney. |
| 2025-06-17 | Date the Schedule 13G Amendment No. 1 was signed by Hongguang Li. |
Keywords
Leishen Energy Holding Co., Ltd., COBO Petroleum Technology Co., LTD., Hongguang Li, Beneficial Ownership, Schedule 13G, SEC Filing, Ordinary Shares, Voting Rights, Proxy Agreement Termination, Corporate Governance
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