SCHEDULE: TOYO Co., Ltd. Shareholding Update

N.A.GLOBAL. CO. LTD. and Chong Chow Lee report beneficial ownership of 4.90% of TOYO Co., Ltd. ordinary shares as of June 30, 2026.

Summary

• N.A.GLOBAL. CO. LTD. and Chong Chow Lee have filed a Schedule 13G, indicating their beneficial ownership of TOYO Co., Ltd. ordinary shares.
• The filing reports a total of 2,094,516 ordinary shares beneficially owned, representing 4.90% of the class.
• This ownership is directly held by N.A.GLOBAL. CO. LTD., with Chong Chow Lee being its sole director and shareholder, thus deemed to have voting and dispositive power.
• The filing notes that the reported shares exclude 721,909 ordinary shares pledged as collateral under various loan agreements.
• The reporting persons sold a total of 451,571 ordinary shares between February 9, 2026, and June 24, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily a routine disclosure of share ownership and related transactions without significant strategic or financial performance indicators.

Positives

• N.A.GLOBAL. CO. LTD. and Chong Chow Lee maintain a significant stake in TOYO Co., Ltd., demonstrating continued interest.
• The reporting persons have sole voting and dispositive power over the reported shares, indicating direct control.

Negatives

• A substantial number of shares (721,909) are pledged as collateral, potentially limiting immediate dispositive power in certain scenarios.
• The reporting persons have sold a considerable number of shares (451,571) in the period leading up to the filing.

Risks

• The pledged shares, while not granting voting or dispositive power prior to default, are still subject to loan agreements, introducing a layer of complexity.
• The sale of a significant number of shares could indicate a reduction in the reporting persons' overall investment or a strategic shift.

Future Outlook

The filing does not contain forward-looking statements or guidance. It is a disclosure of beneficial ownership.

Management Comments

• Mr. Chong Chow Lee is the sole director and sole shareholder of NA Global and deemed to have voting, dispositive or investment power over NA Global.
• Under the terms of the loan agreements, the third-party lender does not have the power to vote or direct the vote of the pledged shares or dispose or direct the disposition of the pledged shares prior to an event of default.
• However, the pledged shares are deemed to be beneficially owned by the third-party lender as such lender does not satisfy the requirements under Rules 13-3(d)(3)(ii) and (iii) under the Securities Exchange Act of 1934, as amended.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are standard disclosures for institutional investors and significant shareholders crossing certain ownership thresholds, indicating changes in substantial holdings within the semiconductor or manufacturing sectors where TOYO Co., Ltd. likely operates.

Related Party Transactions

• N.A.GLOBAL. CO. LTD. is directly held by Chong Chow Lee, who is its sole director and shareholder, indicating a related party relationship.

Stakeholder Impact

• Shareholders: The filing provides transparency on significant share ownership, which can influence market perception and trading activity.
• Creditors: The pledged shares represent a form of collateral for loan agreements, impacting the security of those loans.
• Management of TOYO Co., Ltd.: Awareness of significant beneficial ownership and potential changes in holdings is crucial for corporate strategy and governance.

Next Steps

• Monitor future filings from N.A.GLOBAL. CO. LTD. and Chong Chow Lee for any changes in their beneficial ownership of TOYO Co., Ltd. shares.
• Observe any further disclosures related to the pledged shares and loan agreements.

Key Dates

Keywords

TOYO Co., Ltd., Schedule 13G, N.A.GLOBAL. CO. LTD., Chong Chow Lee, Beneficial Ownership, Ordinary Shares, Shareholding, SEC Filing