Lakeside raises $5.88M in private placement; appoints Yang Li as joint CEO

Lakeside Holding Ltd

Private placement of 8,400,000 shares at $0.70 each for aggregate proceeds of $5.88 million.
Proceeds to be used for general corporate purposes; shares sold under Section 4(a)(2) and Regulation S.
Appointed Yang Li, formerly COO and director, as joint CEO effective December 15, 2025.
Li previously served as CEO of Shanghai Nanchao Technology Inc. from 2014 to 2025.
Securities not registered under the Securities Act; restricted transfer until registration or exemption.

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