CEO Yue Zhu Increases Stake in Lianhe Sowell International Group Ltd to 72.45% Ownership

On April 16, 2026, Yue Zhu, the CEO and Chairman of Lianhe Sowell International Group Ltd (LHSW), filed a Schedule 13D reporting a significant increase in beneficial ownership. Mr. Zhu, through his wholly-owned British Virgin Islands entity Lianyue Holding Limited, now holds a total of 17,435,000 shares, representing 72.45% of the company's voting power. This position consists of 15,035,000 Class A Ordinary Shares and 2,400,000 Class B Ordinary Shares. The filing follows a Share Subscription Agreement dated April 7, 2026, in which Lianyue Holding purchased 2,000,000 Class B Ordinary Shares from the issuer at $0.167 per share. Additionally, the filing notes the rescission of a previous Acting-in-Concert (AIC) Agreement with Patton Holding and other parties, resulting in Mr. Zhu exercising sole voting and dispositive power over the reported shares. Each Class B share carries 100 votes, while Class A shares carry one vote each, solidifying Mr. Zhu's control over the company.