SCHEDULE 13G/A: Pacific Century Oil and Gas Regains Full Control of 7.3% Stake in Leishen Energy Holding

Pacific Century Oil and Gas Technology Co., LTD, along with its controlling persons Yali Wang and Xiangteng Li, have regained full voting and dispositive power over 1,240,000 ordinary shares, representing a 7.3% stake in Leishen Energy Holding Co., Ltd., following the termination of a prior proxy agreement.

Summary

• Pacific Century Oil and Gas Technology Co., LTD, Yali Wang, and Xiangteng Li collectively beneficially own 1,240,000 Ordinary Shares of Leishen Energy Holding Co., Ltd.
• This ownership represents 7.3% of the total outstanding ordinary shares of Leishen Energy Holding Co., Ltd., calculated based on 17,025,000 shares outstanding as of February 14, 2025.
• Yali Wang and Xiangteng Li are the controlling persons of Pacific Century Oil and Gas Technology Co., LTD, owning 60% and 40% of its issued shares, respectively.
• The reporting persons have shared voting and dispositive power over the 1,240,000 Ordinary Shares.
• A voting rights proxy agreement and power of attorney, previously granted to Polar Energy Company Limited and dated August 10, 2023, were terminated and revoked on June 13, 2025.
• Following the termination, Pacific Century Oil and Gas Technology Co., LTD and its shareholders are now entitled to all rights attached to the 1,240,000 Ordinary Shares.
• The termination agreement was executed by Polar Energy Company Limited, WISE-POWER ENERGY SERVICES CO., LTD., COBO Petroleum Technology Co., LTD, and Pacific Century Oil and Gas Technology Co., LTD.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and a change in control over shares, without explicit positive or negative financial performance implications. The regaining of control by the beneficial owners is a neutral to slightly positive governance development for those specific shareholders.

Positives

• Pacific Century Oil and Gas Technology Co., LTD and its controlling shareholders, Yali Wang and Xiangteng Li, have regained full control and rights over their 7.3% beneficial ownership stake in Leishen Energy Holding Co., Ltd., enhancing their direct influence.

Future Outlook

The document does not provide any forward-looking statements or guidance, focusing solely on the change in beneficial ownership and control.

Management Comments

• Yali Wang, Director of Pacific Century Oil and Gas Technology Co., LTD, certified that the information set forth in the statement is true, complete, and correct to the best of their knowledge and belief.

Industry Context

This filing is a standard disclosure of beneficial ownership, indicating a significant stake held by a specific entity and its controlling individuals in an energy holding company. It clarifies the direct control structure over a substantial block of shares, which can be relevant for corporate governance and strategic alignment within the energy sector.

Corporate Governance

Related Party Transactions

• The termination agreement dated June 13, 2025, was entered into by Polar Energy Company Limited, WISE-POWER ENERGY SERVICES CO., LTD., COBO Petroleum Technology Co., LTD, and Pacific Century Oil and Gas Technology Co., LTD. This agreement effectively unwound a prior arrangement involving the control of shares.

Stakeholder Impact

• **Reporting Persons (Pacific Century Oil and Gas Technology Co., LTD, Yali Wang, Xiangteng Li):** They regain full direct control and rights over their 7.3% stake in Leishen Energy Holding Co., Ltd., enhancing their ability to exercise shareholder rights.
• **Leishen Energy Holding Co., Ltd. (Issuer):** The clarification of direct beneficial ownership and control over a significant block of shares provides transparency regarding its shareholder base and potential influence.

Key Dates

Keywords

Beneficial Ownership, SEC Filing, Schedule 13G, Leishen Energy Holding Co., Ltd., Pacific Century Oil and Gas Technology Co., LTD, Shareholding, Voting Rights, Proxy Agreement Termination, Corporate Control