ATA Creativity CEO discloses major shareholdings
ATA Creativity Global director and Chief Executive Officer Kevin Xiaofeng Ma has filed an initial ownership report showing significant holdings of the company’s common shares.
Rhea-AI Filing Summary
ATA Creativity Global director and Chief Executive Officer Kevin Xiaofeng Ma has filed an initial ownership report showing significant holdings of the company’s common shares. He directly owns 1,734,446 common shares.
Indirectly, 4,998,988 common shares are held by Able Knight Development Limited, which is ultimately owned through a trust with Mr. Ma as settlor and certain family members as beneficiaries. Mr. Ma disclaims beneficial ownership of these shares except to the extent of any pecuniary interest. An additional 18,427,074 common shares are held indirectly through Joingear Limited, where Mr. Ma is the sole director and 100% shareholder.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Share | -- | -- | -- |
| holding | Common Share | -- | -- | -- |
| holding | Common Share | -- | -- | -- |
Footnotes (2)
- F1. Able Knight Development Limited, a British Virgin Islands company, owns 4,998,988 common shares, par value US$0.01 per share ("Common Shares"), of ATA Creativity Global (the "Issuer"). Able Knight Development Limited is wholly owned by Precious Time Holdings Limited, a British Virgin Islands company, and ultimately wholly owned by HSBC International Trustee Limited as trustee of an irrevocable trust constituted under the laws of the Cayman Islands with Xiaofeng Ma as the settlor and certain family members of Xiaofeng Ma as the beneficiaries. Xiaofeng Ma disclaims beneficial ownership of the securities of the Issuer held by Able Knight Development Limited except to the extent of his pecuniary interests therein, if any.
- F2. Mr. Xiaofeng Ma is the sole director and 100% shareholder of Joingear Limited, a British Virgin Islands company, which owns 18,427,074 Common Shares of the Issuer.
FAQ
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What does Kevin Xiaofeng Ma’s Form 3 filing for AACG disclose?
Does the AACG Form 3 show any insider buying or selling activity?
Why is Kevin Ma considered a 10% owner of ATA Creativity Global (AACG)?
AI-generated analysis. How Rhea-AI works. Not financial advice.