SCHEDULE 13G/A: Major Shareholder Terminates Voting Proxy Agreement with Leishen Energy Holding Co., Ltd.

Polar Energy Company Limited and its sole owner, Hongliang Li, have terminated a voting rights proxy agreement, reducing their reported beneficial ownership in Leishen Energy Holding Co., Ltd. to 37.3%.

Summary

• Polar Energy Company Limited and Hongliang Li, its sole owner, filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Leishen Energy Holding Co., Ltd.
• The filing reports beneficial ownership of 6,355,000 Ordinary Shares, representing 37.3% of the outstanding class.
• This percentage is based on 17,025,000 ordinary shares issued and outstanding as of February 14, 2025.
• On June 13, 2025, Polar Energy Company Limited, WISE-POWER ENERGY SERVICES CO., LTD., COBO Petroleum Technology Co., LTD, and Pacific Century Oil and Gas Technology Co., LTD entered into a Termination Agreement.
• This agreement formally terminated a previous Voting Rights Proxy Agreement and Power of Attorney, which had been established on August 10, 2023.
• The terminated agreement had previously granted Polar Energy the right to exercise voting rights over an additional 9,145,000 Ordinary Shares held by the other three entities.
• As a direct result of this termination, Polar Energy and Hongliang Li no longer control the voting rights for these 9,145,000 shares, impacting their overall influence.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of a change in beneficial ownership and the termination of a proxy agreement. It is neutral in tone, reporting a specific event without positive or negative framing, though the loss of control over a large block of shares could be interpreted negatively for the reporting persons.

Positives

• The filing provides clear and updated information regarding the current beneficial ownership structure of Leishen Energy Holding Co., Ltd., enhancing transparency.

Negatives

• Polar Energy Company Limited and Hongliang Li have relinquished control over the voting rights of 9,145,000 shares, which previously augmented their influence over Leishen Energy Holding Co., Ltd.
• The termination of the proxy agreement could signal a shift in strategic alignment or relationships among the involved parties, potentially leading to uncertainty.

Risks

• Potential for reduced influence of Polar Energy and Hongliang Li in Leishen Energy's corporate governance due to the termination of the voting proxy agreement.
• Uncertainty regarding the future voting alignment and strategic direction of the 9,145,000 shares previously subject to the proxy agreement.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of beneficial ownership changes, specifically the termination of a voting proxy agreement. It does not provide broader industry context or trends, but rather focuses on specific corporate governance and ownership structure within Leishen Energy Holding Co., Ltd.

Corporate Governance

Stakeholder Impact

• Shareholders: The termination of the proxy agreement could alter the perceived control structure of the company, potentially impacting investor sentiment regarding corporate governance and stability.

Key Dates

Keywords

Leishen Energy Holding Co., Ltd., Polar Energy Company Limited, Hongliang Li, Schedule 13G, beneficial ownership, voting rights proxy agreement, SEC filing, corporate governance, shareholder disclosure