The filing confirms a static insider position with no accumulation or reduction. Monitor for any future 13D conversion or material changes in insider ownership, but no immediate catalyst is present.
Price Chart
Executive Summary
Insider Hui Li filed a Schedule 13G/A disclosing passive ownership of 11,000,000 Class A ordinary shares (4.26% of shares outstanding) as of September 30, 2026. The stake is unchanged from the prior 13G/A filed in March 2026, indicating no recent accumulation or reduction by this insider.
Key Financial Metrics
Key Facts
- Hui Li reported beneficial ownership of 11,000,000 Class A ordinary shares (held as 1,100,000 ADSs) as of September 30, 2026.
- The stake represents 4.26% of the 258,499,680 Class A ordinary shares outstanding per the issuer's March 27, 2026 Form 20-F.
- This is an amendment to a prior Schedule 13G; the stake amount is unchanged from the March 2026 filing.
- The filing certifies passive intent under Rule 13d-1(c), with no control-related purpose.
Financial Impact
No change in stake value disclosed; prior stake was identical in size.
Risk Factors
- Insider could still reduce stake without a 13G amendment until crossing the 5% threshold downward.
- Passive certification could be withdrawn if activist intent emerges, but no such signal here.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0001477932-26-006170 |
| Document: 0001477932-26-006170-index.html | 0001477932-26-006170 |
| Document: 0001477932-26-006170.txt | 0001477932-26-006170 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | SC 13G/A | $0.2360 | awaiting T+20 | — | $0.2330 (−1.27%) |
Aug 18, 2026 9w ago | 6-K | $0.4900 $0.3899 | ▲ +20.43% | ▲ +19.44% | $0.2330 (+52.45%) |
Aug 18, 2026 9w ago | Press Release | $0.4900 $0.3899 | ▲ +20.43% | ▲ +19.44% | $0.2330 (+52.45%) |
Aug 17, 2026 10w ago | 6-K | $0.6800 $0.3762 | ▼ −44.68% | ▼ −42.70% | $0.2330 (−65.74%) |
Aug 11, 2026 10w ago | 6-K | $0.8079 $0.4146 | ▲ +48.68% | ▲ +47.62% | $0.2330 (+71.16%) |
Aug 11, 2026 10w ago | Press Release | $0.8079 $0.4146 | ▼ −48.68% | ▼ −47.62% | $0.2330 (−71.16%) |
Aug 11, 2026 10w ago | Press Release | $0.8079 $0.4146 | ▲ +48.68% | ▲ +47.62% | $0.2330 (+71.16%) |
May 13, 2026 23w ago | Press Release | $1.05 $1.03 | ▲ +1.90% | ▲ +1.29% | $0.2330 (+77.81%) |
May 6, 2026 24w ago | Press Release | $1.15 $0.9550 | ▼ −16.96% | ▼ −19.74% | $0.2330 (−79.74%) |
Mar 27, 2026 30w ago | 20-F | $1.40 $1.21 | ▼ −13.57% | ▼ −26.17% | $0.2330 (−83.36%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers