Henry Liu
About Henry Liu
Henry Liu, age 33, is co-founder and Chief Executive Officer of Lakeside Holding Limited and has served as CEO since the company’s establishment; he resigned as Chairman and director on March 14, 2025 while remaining CEO . He holds a B.S. in Bioengineering from Northwest Agriculture and Forestry University (June 2013) and an M.S. in Food Safety and Technology from Illinois Institute of Technology (December 2015) . Prior to LSH, Liu led operations at American Bear Logistics Corp. (ABL) and worked in freight forwarding at Hoson Logistics America Inc. .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| American Bear Logistics Corp. (Illinois subsidiary) | President | Feb 2018–present | Leads operations, client relationships, and business development |
| Hoson Logistics America Inc. | Operator | Aug 2017–Feb 2018 | Managed import/export of air and ocean freight |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Not disclosed in 2025 proxy filings | — | — | — |
Fixed Compensation
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Base Salary (USD) | $72,800 | $72,800 |
| Actual Bonus Paid (USD) | — | — |
Performance Compensation
- LSH adopted, subject to shareholder approval, the Lakeside Holding Limited 2025 Long-Term Incentive Plan with a 5,000,000 share pool, administered by the Compensation Committee; plan term through December 31, 2035 . Awards may include stock options (ISO/NQSO), stock appreciation rights, restricted shares, and RSUs; option exercise price must be at least fair market value, with ISO ten-year max term (five years for 10% holders) . The plan permits performance-based RSUs and restricted shares with vesting/forfeiture tied to service and/or performance criteria set in award agreements; includes a company clawback policy . Federal tax discussion addresses Section 162(m) deductibility and Section 280G/4999 excise tax implications for change-in-control payments .
Equity Ownership & Alignment
| Metric | As of May 22, 2025 (Record Date) | As of Nov 5, 2025 (Record Date) |
|---|---|---|
| Shares Beneficially Owned (number) | 2,700,600 | 2,700,600 |
| Ownership % of Shares Outstanding | 36.0% (basis: 7,500,000 shares outstanding) | 15.5% (basis: 17,427,559 shares outstanding) |
| Ownership Vehicle | Held via H&L Logistics International LLC, wholly owned by Henry Liu | Held via H&L Logistics International LLC, wholly owned by Henry Liu |
| Hedging/Pledging Policies | Company prohibits hedging of company securities in Insider Trading Policy (no pledging disclosure) | Company prohibits hedging of company securities in Insider Trading Policy (no pledging disclosure) |
Employment Terms
| Provision | Termination Without Cause | Resignation for Good Reason (as defined) | Change-in-Control Termination |
|---|---|---|---|
| Cash Severance | Lump sum equal to 6 months base salary | 3 months base salary | 3 months base salary (greater of pre-termination or current rate) |
| Bonus Treatment | Pro-rated target annual bonus for prior year, if any | — | Pro-rated target annual bonus for prior year |
| Health Benefits | Company-paid premiums for 12 months | — | Company-paid premiums for 3 months |
| Equity Vesting | Immediate vesting of 100% of unvested awards, if any | — | Immediate vesting of 100% of unvested awards, if any |
| Trigger Type | Single trigger (termination without cause) | — | Double trigger (termination following change in control) |
Related Party Transactions (Context)
| Counterparty | Nature | FY 2024 Amount (USD) | FY 2023 Amount (USD) |
|---|---|---|---|
| Weship | Revenue from forwarding services | $28,870 | $109,314 |
| ABL Wuhan | Revenue from cross-border consolidation/forwarding | $1,835,377 | — |
| Weship | Cost of revenue (truck delivery vendor) | $1,555,680 | $1,598,143 |
| Weship | Rental income (subleased warehouses) | $288,185 | $481,252 |
| Intermodal | Cost of revenue (truck delivery vendor) | $564,519 | $325,237 |
| ABL Wuhan | Cost of revenue | $162,625 | — |
Governance Notes Relevant to Role/Influence
- Liu resigned as Chairman and director effective March 14, 2025, and signed the 8-K as CEO . Subsequent board changes added independent directors and established/updated committee memberships; Compensation Committee composed of independent directors and oversees executive compensation .
Investment Implications
- Alignment: Liu’s large beneficial stake (2.70M shares) aligns interests, but dilution reduced his ownership from 36.0% (May 2025) to 15.5% (Nov 2025) as shares outstanding increased, potentially changing control dynamics over time .
- Incentive design and clawbacks: The 2025 LTIP introduces equity-based, performance-contingent awards with firm clawback language; option pricing floors and RSU/restricted share forfeiture terms reduce repricing risk and support pay-for-performance frameworks once grants are made .
- Severance/change-in-control economics: Modest cash severance (6 months without cause; 3 months for CIC) with full equity acceleration may limit cash outflows but could accelerate overhang if large unvested awards exist in future cycles; CIC appears double-trigger (termination following change in control) .
- Trading signal and selling pressure: Anti-hedging policy reduces misalignment risk; no disclosure on pledging, and no disclosed historical equity grants for Liu as of the May 2025 proxy—selling pressure tied to vesting cannot be assessed until awards are granted under the new plan .
- Dilution and treasury actions: The November 2025 special meeting proposals to increase authorized shares, authorize blank-check preferred, and permit future issuances, alongside approval of the 2025 equity plan, signal potential capital structure changes and equity usage, which can impact ownership percentages and EPS overhang .