Major owner of Leader Capital Holdings Corp. just disposed of 5,500,000 shares

Yi-Hsiu Lin, a major owner of Leader Capital Holdings Corp. and Leader Capital Holdings Corp.'s CEO and President and a director of the company, recently disposed of 5,500,000 shares of the company. The disposals took place at $0.00 per share, on June 30, 2020. Lin still owns 51,000,000 shares of the company. Lin operates out of Hung Hom, K3. Some additional info was provided as follows:

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 Is suer'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.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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