Chairman Discloses Controlling 60.89% Voting Stake in Republic Power Group

summarizeSummary

Republic Power Group's Chairman, Hao Feng Ng, has disclosed a controlling 60.89% voting stake in the company through his entity, True Sage International Limited, formalizing his significant influence over corporate decisions.

check_boxKey Events · Ownership and Investor Activity · RPGL

• Chairman's Controlling Stake Disclosed

  Hao Feng Ng, the Chairman of Republic Power Group Ltd, through his entity True Sage International Limited, beneficially owns 11,113,267 shares, representing 60.89% of the company's total voting power as of January 28, 2026.

• Significant Influence on Corporate Activities

  As the controlling shareholder and chairman, Hao Feng Ng holds substantial influence over the company's operations, governance, and strategic decisions, including recent capital raises and a reverse stock split.

• Historical Share Acquisition Detailed

  The filing outlines the acquisition of 10,449,167 ordinary shares by True Sage from the former chairman in December 2024 for $450,000, and the issuance of 100,000 Class B Ordinary Shares to True Sage in March 2025.

auto_awesomeAnalysis · RPGL · Technology

This Schedule 13D filing reveals that Hao Feng Ng, the Chairman of Republic Power Group Ltd, along with his controlled entity True Sage International Limited, beneficially owns a significant 60.89% of the company's total voting power. This disclosure is critical as it formally establishes the chairman's controlling interest, providing clarity on the power structure amidst recent corporate actions such as a reverse stock split approval and highly dilutive public offerings. Investors should note that this level of control grants substantial influence over future strategic decisions, capital allocation, and governance, potentially limiting the impact of minority shareholders.