It seems somewhat confusing that in one place it is stated if I remember correctly that a director is the beneficial owner of slightly more than 50% of the ordinary shares. In the list of the stakes of directors it states that Solomon owns a little less than 5% of the ordinary shares and about 60% of the A-shares. 10-K Solomon Lee, our chairman, chief executive officer and president, controls our company and beneficially owns in excess of 50.1% of our issued and outstanding common stock. https://en.wikipedia.org/wiki/Beneficial_ownership Beneficial ownership is a term in domestic and international commercial law that refers to anyone who enjoys the benefits of ownership of a security or property, without being on the record as being the owner.