SCHEDULE: Individual Filer Faces EDGAR Hurdles, Disposes of Shares

An individual filer, Jaemin Son, experienced significant administrative and technical difficulties in filing a Schedule 13G for Li Bang International Corporation Inc., ultimately disposing of all shares.

Summary

• Jaemin Son, an individual filer from the Republic of Korea, has filed a Schedule 13G concerning Li Bang International Corporation Inc. Class A Ordinary Shares.
• The filing was delayed due to administrative and technical difficulties in obtaining EDGAR filer credentials, including identity verification and notarization challenges.
• The reporting person initially acquired shares on July 23, 2026, which may have temporarily exceeded five percent of the issuer's outstanding shares.
• Due to discrepancies in transaction records and subsequent clarification from the brokerage, the acquisition date was confirmed as July 23, 2026, with settlement on July 27, 2026.
• The reporting person has since disposed of all Class A Ordinary Shares and beneficially owns none as of the filing date.
• Significant efforts were made to obtain the necessary documentation, including obtaining a passport, Korean-form notarization with an Apostille, and eventually U.S.-style remote online notarization.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a low score due to the significant delay in filing and the eventual disposition of all shares, indicating a lack of sustained interest or a need to exit a position.

Positives

• The reporting person demonstrated persistent effort and diligence in overcoming significant administrative and technical hurdles to comply with SEC filing requirements.
• Despite initial difficulties, the reporting person successfully obtained EDGAR filer credentials.
• The reporting person clarified transaction dates and settlement procedures with their brokerage.
• The reporting person has fully disposed of their holdings, indicating a clear exit from the position.

Negatives

• The filing was submitted with a significant delay due to administrative and technical difficulties.
• The reporting person initially acquired shares that may have temporarily exceeded the 5% beneficial ownership threshold, requiring a filing.
• The reporting person has since disposed of all shares, indicating no current investment in the company.
• The process of obtaining EDGAR credentials was complex and time-consuming, involving multiple rejections and resubmissions.

Risks

• Potential for future scrutiny regarding the timing and nature of the initial share acquisition and subsequent disposition.
• The complexity of cross-border filings and obtaining necessary credentials could pose challenges for other foreign individual filers.

Future Outlook

The reporting person has disposed of all shares and therefore has no future outlook regarding this specific holding.

Management Comments

• The Reporting Person could not readily determine its beneficial ownership percentage because such determination required information regarding the Issuer's total outstanding Class A Ordinary Shares that was not available from the brokerage's account records.
• Upon noticing discrepancies in the transaction records, the Reporting Person made inquiries with the brokerage to clarify the transaction details and became aware that its beneficial ownership may have temporarily exceeded five percent of the Issuer's outstanding Class A Ordinary Shares.
• Despite significant practical obstacles in obtaining the documentation and credentials necessary for EDGAR filing, including difficulties satisfying the applicable identity-verification and notarization requirements in South Korea, the Reporting Person made continuous, good-faith efforts to comply.
• Should subsequently available public information or additional information received from the Issuer indicate that any information contained in this Schedule 13G requires correction, the Reporting Person will promptly evaluate whether an amendment is required.

Industry Context

StockSavvy.ai notes that this filing highlights the complexities and potential delays foreign individual investors can face when navigating U.S. regulatory systems like EDGAR, especially for first-time filers. The need for specific notarization and credentialing processes can be a significant barrier.

Stakeholder Impact

• Shareholders: The delayed filing and subsequent disposal of shares by an investor who briefly crossed the reporting threshold may not have a significant immediate impact, but it indicates a lack of sustained interest from this particular holder.

Next Steps

• The reporting person will promptly evaluate whether an amendment to the Schedule 13G is required if subsequently available public information or additional information from the Issuer indicates any corrections are needed.

Key Dates

Keywords

Schedule 13G, Li Bang International Corporation Inc., Beneficial Ownership, EDGAR Filing, Class A Ordinary Shares, Jaemin Son, Filer Credentials, Notarization