LCHD · Leader Capital Holdings Corp. · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“As of May 31, 2023, we have suffered recurring losses from operations, and recorded an accumulated deficit, a working capital deficit and a shareholders' deficit of $37,101,862, $2,525,159 and $2,671,199, respectively. These conditions raise substantial doubt about our ability to continue as a going concern.”View the 10-Q filed Aug 25, 2023
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Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2022-10-04 | LIN YI-HSIU |
Director, President, 10% Owner |
Award↑
Filing footnotes — Common Stock (Indirect)
The securities reported are paid to Mr. Lin as remuneration of his service, in lieu of cash, as the CEO of Leader Capital Holdings Corp. Mr. Lin holds an aggregate of 48,537,778 shares of common stock, which consist of 7,600,000 shares held directly by Mr. Lin, 32,867,500 shares held indirectly under First Leader Capital Limited, in which Mr. Lin is the beneficial owner of the company, 5,070,278 shares held indirectly under Leader Financial Asset Management Limited, in which Mr. Lin is the beneficial owner of the company, and 3,000,000 shares held under CPN Investment Limited, in which Mr. Lin is the beneficial owner of the company. |
Common Stock
(I)
|
2,500,000 |
| 2022-10-04 | CHENG SHUI FUNG |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
The shares were paid to Mr. Cheng as remuneration of his service as the director of Leader Capital Holdings Corp. |
Common Stock
|
1,500,000 |
| 2022-08-05 | LIN YI-HSIU |
Director, President, 10% Owner |
Other↓
Filing footnotes — Common Stock (Indirect)
On July 13, 2022, Leader Financial Asset Management Ltd. ("LFAML") entered into a stock purchase agreement with Hing Chuen Li ("Mr. Li "), pursuant to which LFAML agreed to sell 100,000 shares of LCHD common stock to Mr. Li at USD.010 per share and to wire the consideration on or before July 31, 2022; and the closing of the sale of Shares shall be held on or before August 31, 2022. The securities reported are held by Leader Financial Asset Management Limited. Mr. Lin has sole voting and investment power as the sole owner of such entity. The other reporting persons have indirect ownership based on Mr. Lin's control over such reporting persons. |
Common Stock
(I)
|
100,000 |
| 2022-01-21 | CHENG SHUI FUNG |
Director |
Award↑
Filing footnotes — Employee Stock Option (Right to Buy) (Direct)
This Option is fully vested as of the Date of Grant on January 21, 2022 and shall be exercisable, in whole or in part. In the event of cessation of Participant's status as a Service Provider, this Option will be exercisable, to the extent vested, for a period of thirty (30) days after Participant ceases to be a Service Provider. |
Employee Stock Option (Right to Buy)
|
500,000 |
| 2022-01-21 | LIN YI-HSIU |
Director, President, 10% Owner |
Award↑
Filing footnotes — Employee Stock Option (Right to Buy) (Direct)
This Option is fully vested as of the Date of Grant on January 21, 2022 and shall be exercisable, in whole or in part. In the event of cessation of Participant's status as a Service Provider, this Option will be exercisable, to the extent vested, for a period of thirty (30) days after Participant ceases to be a Service Provider. |
Employee Stock Option (Right to Buy)
|
1,000,000 |
| 2021-07-30 | LIN YI-HSIU |
Director, President, 10% Owner |
Other↓
Filing footnotes — Common Stock (Indirect)
On July 30, 2021, Leader Financial Asset Management Ltd. ("LFAML") entered into a stock purchase agreement with AQUARIUS PROTECTION FUND SPC - PROSPEROUS FUND SP ("APF"), pursuant to which LFAML agreed to sell 1,000,000 shares of common stock to APF. The securities reported are held by Leader Financial Asset Management Limited. Mr. Lin has sole voting and investment power as the sole owner of such entity. The other reporting persons have indirect ownership based on Mr. Lin's control over such reporting persons. |
Common Stock
(I)
|
1,000,000 |
| 2021-05-19 | LIN YI-HSIU |
Director, President, 10% Owner |
Other↓
Filing footnotes — Common Stock (Indirect)
On May 17, 2021, First Leader Capital Ltd. entered into a stock forfeiture letter with Leader Capital Holdings Corp. (the "Issuer"), pursuant to which First Leader Capital Ltd. agreed to cancel 13,132,500 shares of common stock for the benefit from reducing the Issuer's outstanding common stock to be more in line with what management deems to be market expectations based on the Issuer's current valuation. The securities reported are held by First Leader Capital Ltd. Mr. Lin has sole voting and investment power as the sole owner of such entity. The other reporting persons have indirect ownership based on Mr. Lin's control over such reporting persons. |
Common Stock
(I)
|
13,132,500 |
| 2021-02-25 | CHENG SHUI FUNG |
Director |
Sell↓
Filing footnotes — Common Stock (Indirect)
Repayment of Loan. |
Common Stock
(I)
|
1,500,000 |
| 2021-02-25 | CHENG SHUI FUNG |
Director |
Sell↓
Filing footnotes — Common Stock (Indirect)
Repayment of Loan. |
Common Stock
(I)
|
3,000,000 |
| 2021-02-09 | LIN YI-HSIU |
Director, President, 10% Owner |
Other↑
Filing footnotes — Common Stock (Indirect)
The securities reported are paid to Mr. Lin as remuneration of his service, in lieu of cash, as the CEO of Leader Capital Holdings Corp. |
Common Stock
(I)
|
2,500,000 |
| 2021-02-09 | CHENG SHUI FUNG |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
The shares were paid to Mr. Cheng as remuneration of his service as the director of Leader Capital Holdings Corp. |
Common Stock
|
1,500,000 |
| 2021-01-19 | LIN YI-HSIU |
Director, President, 10% Owner |
Other↓
Filing footnotes — Common Stock (Indirect)
On January 19, 2021, First Leader Capital Ltd. entered into a stock forfeiture letter with Leader Capital Holdings Corp. (the "Issuer"), pursuant to which First Leader Capital Ltd. agreed to cancel 5,000,000 shares of common stock for the benefit from reducing the Issuer's outstanding common stock to be more in line with what management deems to be market expectations based on the Issuer's current valuation. The securities reported are held by First Leader Capital Ltd. Mr. Lin has sole voting and investment power as the sole owner of such entity. The other reporting persons have indirect ownership based on Mr. Lin's control over such reporting persons. |
Common Stock
(I)
|
5,000,000 |
| 2020-06-30 | LIN YI-HSIU |
Director, President, 10% Owner |
Other↓
Filing footnotes — Common Stock (Indirect)
On June 30, 2020, First Leader Capital Ltd. entered into a stock forfeiture letter with Leader Capital Holdings Corp. (the "Issuer"), pursuant to which First Leader Capital Ltd. agreed to cancel 5,500,000 shares of common stock for the benefit from reducing the Issuer's outstanding common stock to be more in line with what management deems to be market expectations based on the Issuer's current valuation. The securities reported are held by First Leader Capital Ltd. Mr. Lin has sole voting and investment power as the sole owner of such entity. The other reporting persons have indirect ownership based on Mr. Lin's control over such reporting persons. |
Common Stock
(I)
|
5,500,000 |