Welcome to our dedicated page for Ata Creativity Global SEC filings (Ticker: AACG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
ATA Creativity Global filings document a foreign-issuer reporting record built around Form 6-K current reports, Form 20-F annual disclosures, and registration-statement updates. The filings cover the company’s education services business, including portfolio training, research-based learning services, overseas study counselling, operating results, balance sheet items, non-GAAP measures, and currency translation.
Regulatory documents also describe the company’s ADS and common-share structure, registered direct offering activity, material agreements, and capital-structure disclosures. Governance filings include annual and extraordinary shareholder meeting materials, proxy statements, ADS voting instructions, auditor appointments, director and committee changes, and other shareholder voting matters.
ATA Creativity Global reported that shareholders approved all proposals at its 2026 extraordinary general meeting. Holders of 82,170,090 out of 87,001,860 common shares voted, representing 94.4% of shares outstanding, so quorum requirements were easily met.
Shareholders approved the disposition of ATA Testing Authority (Holdings) Limited and its subsidiaries and variable interest entity, along with the Company’s 69.0417% equity interest in Beijing Huanqiuyimeng Education Consultation Corp. They also approved a private placement with an unaffiliated investor, the re-election of two Class C directors, and ratification of the third amended and restated 2008 Employee Share Incentive Plan.
ATA Creativity Global is convening an extraordinary general meeting on June 5, 2026 to seek shareholder approval for a major business reshaping. Shareholders will vote on selling key loss‑making subsidiaries ATA BVI and a 69.0417% stake in Huanqiuyimeng to Robox Holding Limited for nominal cash consideration of RMB1, after a fairness opinion deemed this consideration financially fair. They will also vote on a private placement issuing 45,306,792 common shares at US$0.46667 per share for gross proceeds of US$21,145,961, which would give the new investor about 34.49% of the company’s voting power. Additional proposals cover re‑electing two Class C directors and ratifying an amended 2008 employee share incentive plan that extends its term and expands the option pool.
ATA Creativity Global’s Chief Financial Officer, Ruobai Sima, reported a compensation-related share grant and an option cancellation. On April 30, 2026, Sima received 4,400,000 Common Shares at a stated price of $0.00 per share, bringing direct holdings to 4,400,000 shares.
The filing also shows a derivative transaction on April 8, 2026 involving 200,000 options on Common Shares with a $0.79 exercise price, which now show 0 options remaining. Footnotes explain that previously granted options to Sima were cancelled by mutual agreement and had been scheduled to vest in quarterly tranches from February 6, 2023 through 2026.
Ma Kevin Xiaofeng reported acquisition or exercise transactions in this Form 4 filing.
ATA Creativity Global director and CEO Kevin Xiaofeng Ma received a grant of 1,200,000 Common Shares. The award was recorded at a price of $0.0000 per share, indicating a compensation-related share grant rather than an open-market purchase. Following this transaction, Ma directly owns 2,934,446 Common Shares.
ATA Creativity Global director, president, and 10% owner Jun Zhang reported option changes involving 1,274,092 options tied to Common Shares. Previously granted options covering 1,274,092 shares at an exercise price of 1.2611 and expiring on 2029-08-05 were cancelled by mutual agreement with the company. On the same date, Zhang received a new grant of 1,274,092 options with the same exercise price of 1.2611, now expiring on 2036-04-08, leaving him holding 1,274,092 options after these transactions.
APOLLO WISE INVESTMENT LIMITED filed a Schedule 13D reporting beneficial ownership of 8,559,434 common shares of ATA Creativity Global, representing 9.9% of the outstanding class. These shares were acquired in a registered direct offering at $0.80 per ADS, equivalent to $0.40 per common share, under a subscription agreement dated November 17, 2025.
The filing states that USD 3,423,774 of bank-sourced funds were used for the investment. Jie Cheng, a Hong Kong citizen, is identified as the sole beneficial owner of APOLLO WISE INVESTMENT LIMITED and holds sole voting and dispositive power over the reported shares. The stated purpose of the transaction is medium- to long-term investment, influenced by market conditions, volatility, and liquidity needs.
ATA Creativity Global director, president and ten percent owner Zhang Jun filed an initial ownership report showing both option and share holdings. He holds options exercisable into 1,274,092 Common Shares at an exercise price of $1.2611 per share, expiring on August 5, 2029. These options became exercisable in one-third tranches on April 1, 2022, 2023 and 2024. In addition, Arts Consulting Limited, a British Virgin Islands corporation, owns 9,360,000 Common Shares of ATA Creativity Global, with Jun Zhang as sole director and 75% shareholder of that entity. He disclaims beneficial ownership of the securities held by Arts Consulting Limited except to the extent of his pecuniary interests in that entity.
ATA Creativity Global filed its Form 20-F for the year ended December 31, 2025, reporting net revenues of RMB268.1 million (US$38.3 million), flat versus 2024 and up from RMB221.6 million in 2023. The company enrolled 4,127 students in 2025, with 57% in portfolio training programs for art study abroad.
The Cayman holding company conducts operations mainly in China through majority-owned PRC subsidiary Huanqiuyimeng and a variable interest entity (VIE) that owns 30.96% of Huanqiuyimeng and other stakes. Control of the VIE is based on contracts, not equity, and PRC regulators could challenge this structure, potentially affecting operations and ADS value.
Management details extensive PRC licensing and data-compliance risks, including possible requirements for private school permits, travel agency and ICP licenses, cybersecurity review, and cross-border data approvals. The report also discusses HFCAA-related audit inspection developments and notes that the current auditor, based in Singapore, is subject to PCAOB inspection.
Empire Fortune Management Limited has filed an amended Schedule 13D reporting ownership of 8,559,434 common shares of ATA Creativity Global, representing 9.9% of the outstanding class. The stake was acquired for investment purposes using bank financing totaling USD 3,423,774.
The filing explains that on November 17, 2025, ATA Creativity Global entered into a Subscription Agreement for a registered direct offering of 11,067,547 ADSs at $0.8 per ADS, equivalent to $0.4 per common share. Empire Fortune subscribed 8,559,434 of these common shares, and XUE Fenglan is identified as the sole beneficial owner of Empire Fortune.
ATA Creativity Global received a new significant shareholder as Empire Fortune Management Limited filed a Schedule 13D. Empire Fortune reports beneficial ownership of 8,559,434 common shares, described as 11.47% of the class, acquired for investment using USD3423773.6 of bank-sourced funds.
The stake arose from a registered direct offering in which the issuer sold 11,067,547 ADSs at $0.8 per ADS, equivalent to $0.4 per common share. Empire Fortune subscribed 8,559,434 of the common shares and states the investment is intended for medium- to long-term holding, subject to market conditions and liquidity needs.