What happened
Leaders Cosmetics's largest shareholder (a local government) pledged shares as loan collateral to an individual, securing up to US$1.58M.
If the collateral is enforced, the largest shareholder's stake, and with it, control of the company, could change.
| Largest shareholder | a local government |
|---|---|
| Current stake | 13.6% |
| Loan secured | US$1.58M |
| Stake if enforced | 0.3% |
| Filed | 2026-02-02, [Amended] Share-pledge agreement that may change the largest shareholder |
| Source | DART rcept 20260202901727 → open original filing |
Source: DART. Information only, not investment advice.

