Saiheat Ltd: Peng Zhang agreed to transfer his one ordinary share of Energy Science Artist Holding to Longwin Global for consideration of US$1 mln

Saiheat Ltd (NYSE: SAIHEAT) announced a significant corporate development on July 1, 2025, when Peng Zhang agreed to transfer his one ordinary share of Energy Science Artist Holding Limited (a British Virgin Islands company) to Longwin Global for a consideration of US$1 million. This transaction marks a strategic shift in the ownership structure of the company, as Peng Zhang, who had recently become the sole controlling shareholder following a prior share transfer, now transfers control to Longwin Global.

The transfer is expected to influence the company’s strategic direction, particularly as Longwin Global is known for its focus on technology and innovation. This move follows a series of leadership changes, including the resignation of Risheng Li as CEO and acting CFO, and the appointment of Jianwei Li, seasoned venture capital professional with extensive experience in AI and enterprise software investments.

The company has not disclosed further details regarding the implications of the transfer on its operational strategy or financial outlook. Investors are advised to monitor subsequent filings and announcements for additional insights into the company’s evolving governance and business direction.