ATA Creativity Global (AACG) CEO Kevin Ma details large shareholdings

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.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Ma Kevin Xiaofeng

(Last) (First) (Middle)

1/F EAST GATE, BLDG 2, JIAN WAI SOHO

CHAOYANG DIST

(Street)

BEIJING 100022

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
ATA Creativity Global [ AACG ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Share	1,734,446	D
Common Share	4,998,988	I	See Note(1)
Common Share	18,427,074	I	See Note(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. 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.

	/s/ Kevin Xiaofeng Ma	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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* Form 3: SEC 1473 (03-26)

FAQ

What does Kevin Xiaofeng Ma’s Form 3 filing for AACG disclose?

The Form 3 filing discloses initial ownership of ATA Creativity Global common shares by CEO Kevin Xiaofeng Ma. It lists his direct holdings plus shares held through entities Able Knight Development Limited and Joingear Limited, clarifying his relationships and any beneficial ownership disclaimers.

How many ATA Creativity Global (AACG) shares does Kevin Ma hold directly?

Kevin Xiaofeng Ma directly holds 1,734,446 common shares of ATA Creativity Global. This direct position is reported as of the Form 3 filing date and is separate from larger blocks held indirectly through entities associated with him or his family trust structures.

What is Able Knight Development Limited’s role in AACG share ownership?

Able Knight Development Limited holds 4,998,988 common shares of ATA Creativity Global. It is wholly owned through a chain of entities ultimately controlled by a trust with Kevin Ma as settlor. He disclaims beneficial ownership except for any pecuniary interest in these shares.

How many AACG shares are held through Joingear Limited?

Joingear Limited holds 18,427,074 common shares of ATA Creativity Global. Kevin Xiaofeng Ma is Joingear’s sole director and 100% shareholder, so this block is reported as an indirect holding linked to his position in the company’s equity structure.

Does the AACG Form 3 show any insider buying or selling activity?

The Form 3 reflects holdings only and does not report specific buy or sell transactions. It serves as an initial statement of beneficial ownership, detailing direct and indirect positions rather than recording new trading activity in ATA Creativity Global shares.

Why is Kevin Ma considered a 10% owner of ATA Creativity Global (AACG)?

Kevin Xiaofeng Ma is identified as a director, Chief Executive Officer, and 10% owner based on his aggregate direct and indirect holdings. The filing shows substantial share blocks held personally and through entities such as Joingear Limited and Able Knight Development Limited.