Weimei Huang and Eastern1 Holdings Report 29.8% Stake in Eastern International Ltd (ELOG)
On April 13, 2026, Weimei Huang and Eastern1 Holdings Ltd. filed a Schedule 13G with the SEC, reporting a significant ownership stake in Eastern International Ltd (ELOG). The filing discloses that the reporting persons collectively beneficially own 3,578,170 ordinary shares, representing 29.8% of the company's 12,017,000 outstanding shares as of December 31, 2025. Weimei Huang, a citizen of China, is the sole shareholder and director of Eastern1 Holdings Ltd., a British Virgin Islands entity, thereby exercising sole voting and dispositive power over the reported shares. These shares were held prior to the issuer's initial public offering completed in August 2025. The filing includes a joint filing agreement between the two parties and confirms that the securities were not acquired for the purpose of changing or influencing the control of the issuer. This initial 13G filing establishes a substantial baseline position for the reporting persons in the newly public company.