InvestmentJul 2, 2026, 04:52 PM
Lianhe Sowell Affiliate Invests $396K for 2.4M Class B Shares
AI Summary
Lianhe Sowell International Group Ltd entered into a share subscription agreement on June 30, 2026, with Shenzhen Sowell Technology Development Co., Ltd and Lianyue Holding Limited, an entity wholly owned by the Company's CEO, Yue Zhu. Pursuant to the agreement, the Company issued 2,400,000 Class B ordinary shares to Lianyue Holding Limited at a price of US$0.165 per share, generating gross proceeds of $396,000. Following the transaction, CEO Yue Zhu, through Lianyue Holding Limited, beneficially owns approximately 97.69% of the Company's aggregate voting power.
Key Highlights
- Entered a share subscription agreement on June 30, 2026.
- Lianyue Holding Limited, an affiliate of the CEO, subscribed for shares.
- Issued 2,400,000 Class B ordinary shares at US$0.165 per share.
- Gross proceeds from the offering totaled $396,000.
- CEO Yue Zhu's beneficial voting power is now approximately 97.69%.
- Transaction was approved and ratified by the Company's audit committee.
Price Impact
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