SCHEDULE: Shubiao Shi Discloses 15.2% Stake in Linkage Global Inc.

Shubiao Shi has disclosed a beneficial ownership of 1,000,000 Class A Ordinary Shares, representing 15.2% of Linkage Global Inc., as of June 6, 2025.

Summary

• Shubiao Shi reported beneficial ownership of 1,000,000 Class A Ordinary Shares of LINKAGE GLOBAL INC.
• This ownership represents 15.2% of the company's Class A Ordinary Shares outstanding.
• The total outstanding Class A Ordinary Shares as of June 9, 2025, was 6,580,022.
• Shubiao Shi holds sole voting power and sole dispositive power over all 1,000,000 shares.
• The shares were not acquired for the purpose of changing or influencing control of Linkage Global Inc.

Sentiment

Score: 5

Explanation: This is a factual disclosure of beneficial ownership, not a performance report, thus it carries a neutral sentiment.

Positives

• A significant individual investor, Shubiao Shi, has taken a substantial 15.2% stake in Linkage Global Inc., which could be interpreted as a vote of confidence in the company's future.
• The filing explicitly states that the shares were not acquired for the purpose of changing or influencing control, which may alleviate concerns about potential activist investor actions or hostile takeovers.

Risks

• The concentration of 15.2% of Class A Ordinary Shares in a single individual's hands could introduce a degree of shareholder concentration risk, although the filing states the shares were not acquired for control purposes.

Future Outlook

This document is a beneficial ownership disclosure and does not contain forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• Shubiao Shi certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Linkage Global Inc. and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11.

Industry Context

This filing is a standard disclosure of significant beneficial ownership and does not provide specific insights into broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The disclosure of a significant beneficial owner can influence market perception and potentially share price, indicating a notable investor's interest in the company.

Key Dates

Keywords

Linkage Global Inc, Shubiao Shi, Schedule 13G, beneficial ownership, Class A Ordinary Share, G5500B128, significant stake, investor disclosure